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 finance (DeFi) platform that utilizes a novel proof-of-stake consensus algorithm to facilitate fast and secure transactions. Its innovative features include a decentralized exchange, lending platform, and yield farming opportunities, all of which are designed to provide users with a seamless and rewarding experience. With its focus on security, scalability, and user adoption, TROY is poised to become a leading player in the rapidly growing DeFi market.
TROY Price Overview:
As of July 01, 2024, TROY is trading at approximately 0.00184 USDT. Let’s dive into the detailed price action for TROY-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.00184 |
| High (H) | 0.00188 |
| Low (L) | 0.00182 |
| Close (C) | 0.00184 |
| Volume (C) | 228,399,749.00 |
- Open (O): The opening price for today’s trading session was approximately 0.00184 USDT.
- High (H): TROY reached a daily high of around 0.00188 USDT.
- Low (L): The daily low for TROY-USDT was approximately 0.00182 USDT.
- Close (C): At the time of analysis, TROY is trading near its daily close of 0.00184 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.43% |
| 3D Change (%) | -1.24% |
| 7D Change (%) | 0.99% |
| 30D Change (%) | -22.52% |
| 90D Change (%) | -38.99% |
| YTD Change (%) | -27.56% |
Over the past three days, TROYUSDT has decreased by approximately -1.24%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 0.99%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with TROYUSDT maintaining a downward trend of approximately -22.52%, despite intermittent fluctuations. Examining the last 90 days, TROYUSDT has witnessed substantial fall of approximately -38.99%, reflecting strong long-term confidence. Year-to-date, TROYUSDT has steadily decreased by around -27.56%, 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 0.55084.
- Momentum score is -0.14717.
TROY USDT Technical Analysis
TROY Trading Volume:
The trading volume for TROY (TROY) over the past 24 hours has been insignificant, with approximately 228,399,749.00 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 low zone, around 41.43443. This suggests that TROY is in bearish 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 low RSI and insignificant trading volume are low signals for potential downward movement.
Navigate TROY’s (TROYUSDT) upward trajectory at 1.84e-03 USDT with bullish technical analysis, highlighting strong support and promising indicators.
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.