TROY USDT TROY Technical Analysis

TROY logo In this TROY technical analysis, we will examine the current price action, trading volume, key levels and indicators for TROY-USDT. TROY is a decentralized cryptocurrency that utilizes a proof-of-stake consensus algorithm, which allows for faster transaction processing times and lower energy consumption compared to traditional proof-of-work algorithms. TROY’s governance model is designed to be community-driven, with holders of the cryptocurrency having a say in decision-making processes through a decentralized voting system. With its focus on sustainability and community involvement, TROY aims to provide an alternative to traditional cryptocurrencies that prioritizes both security and social responsibility.

TROY Price Overview:

As of September 22, 2023, TROY is trading at approximately 0.00233 USDT. Let’s dive into the detailed price action for TROY-USDT:

Metric Value
Open (O) 0.00231
High (H) 0.00236
Low (L) 0.0023
Close (C) 0.00233
Volume (C) 44,528,644.00
  • Open (O): The opening price for today’s trading session was approximately 0.00231 USDT.
  • High (H): TROY reached a daily high of around 0.00236 USDT.
  • Low (L): The daily low for TROY-USDT was approximately 0.0023 USDT.
  • Close (C): At the time of analysis, TROY is trading near its daily close of 0.00233 USDT.
Metric Value
1D Change (%) 0.91%
3D Change (%) -2.06%
7D Change (%) 0.52%
30D Change (%) 1.74%
90D Change (%) 10.88%
YTD Change (%) -10.92%

Over the past three days, TROYUSDT has decreased by approximately -2.06%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 0.52%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with TROYUSDT maintaining an upward trend of approximately 1.74%, despite intermittent fluctuations. Examining the last 90 days, TROYUSDT has witnessed substantial rise of approximately 10.88%, reflecting strong long-term confidence. Year-to-date, TROYUSDT has steadily depreciated by around -10.92%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

TROY Live Chart:

You can access a live price chart for TROY-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.3265.
  • Momentum score is 0.01744.

TROY USDT Technical Analysis

TROY Trading Volume:

The trading volume for TROY (TROY) over the past 24 hours has been insignificant, with approximately 44,528,644.00 USDT traded against TROY. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): TROY is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): TROY is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for TROY-USDT is currently in the neutral zone, around 47.99404. This suggests that TROY is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

TROY (TROY-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.