In this TerraClassicUSD technical analysis, we will examine the current price action, trading volume, key levels and indicators for USTC-USDT. Sure, here are three sentences about TerraClassicUSD (USTC) cryptocurrency: TerraClassicUSD (USTC) is a decentralized stablecoin that aims to provide a more stable and secure alternative to traditional cryptocurrencies. With its collateralized design, USTC offers a more predictable value proposition for users, making it an attractive option for those looking for a reliable store of value or medium of exchange. Additionally, the TerraClassicUSD network utilizes a proof-of-stake consensus algorithm, which allows for faster and more energy-efficient transactions compared to traditional proof-of-work algorithms.
TerraClassicUSD Price Overview:
As of October 03, 2023, TerraClassicUSD is trading at approximately 0.01224 USDT. Let’s dive into the detailed price action for USTC-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.01245 |
| High (H) | 0.01258 |
| Low (L) | 0.01222 |
| Close (C) | 0.01224 |
| Volume (C) | 90,276,024.00 |
- Open (O): The opening price for today’s trading session was approximately 0.01245 USDT.
- High (H): TerraClassicUSD reached a daily high of around 0.01258 USDT.
- Low (L): The daily low for USTC-USDT was approximately 0.01222 USDT.
- Close (C): At the time of analysis, TerraClassicUSD is trading near its daily close of 0.01224 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.69% |
| 3D Change (%) | -4.68% |
| 7D Change (%) | -4.06% |
| 30D Change (%) | 3.92% |
| 90D Change (%) | 0.33% |
| YTD Change (%) | -43.91% |
Over the past three days, USTCUSDT has dropped by approximately -4.68%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -4.06%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with USTCUSDT maintaining an upward trend of approximately 3.92%, despite intermittent fluctuations. Examining the last 90 days, USTCUSDT has witnessed substantial rise of approximately 0.33%, reflecting strong long-term confidence. Year-to-date, USTCUSDT has steadily depreciated by around -43.91%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
TerraClassicUSD Live Chart:
You can access a live price chart for USTC-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 0.48476.
- Momentum score is 0.03918.
USTC USDT Technical Analysis
TerraClassicUSD Trading Volume:
The trading volume for TerraClassicUSD (USTC) over the past 24 hours has been insignificant, with approximately 90,276,024.00 USDT traded against USTC. 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): USTC is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): TerraClassicUSD is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for USTC-USDT is currently in the neutral zone, around 46.08473. This suggests that TerraClassicUSD is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
TerraClassicUSD (USTC-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.
