In this Viberate technical analysis, we will examine the current price action, trading volume, key levels and indicators for VIB-BTC. Sure, here are three sentences about Viberate (VIB) cryptocurrency: Viberate (VIB) is a decentralized platform that empowers musicians and music industry professionals to connect, collaborate, and monetize their work. With its innovative use of blockchain technology, Viberate aims to disrupt the traditional music industry by providing a more equitable and transparent platform for artists and stakeholders. By leveraging smart contracts and decentralized governance, Viberate enables a more efficient and secure way for musicians to share their work, receive compensation, and build their careers.
Viberate Price Overview:
As of October 03, 2023, Viberate is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for VIB-BTC:
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): Viberate reached a daily high of around 0.0 BTC.
- Low (L): The daily low for VIB-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, Viberate is trading near its daily close of 0.0 BTC.
|1D Change (%)||-0.61%|
|3D Change (%)||-6.29%|
|7D Change (%)||-4.09%|
|30D Change (%)||2.50%|
|90D Change (%)||4.46%|
|YTD Change (%)||-60.29%|
Over the past three days, VIBBTC has dropped by approximately -6.29%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -4.09%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with VIBBTC maintaining an upward trend of approximately 2.50%, despite intermittent fluctuations. Examining the last 90 days, VIBBTC has witnessed substantial increase of approximately 4.46%, reflecting strong long-term confidence. Year-to-date, VIBBTC has steadily depreciated by around -60.29%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Viberate Live Chart:
You can access a live price chart for VIB-BTC 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 0.49089.
- Momentum score is 0.025.
VIB BTC Technical Analysis
Viberate Trading Volume:
The trading volume for Viberate (VIB) over the past 24 hours has been insignificant, with approximately 940,955.00 BTC traded against VIB. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
- 50-day Simple Moving Average (SMA): VIB is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Viberate is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for VIB-BTC is currently in the neutral zone, around 49.14449. This suggests that Viberate is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Viberate (VIB-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC 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.