In this VIDT DAO technical analysis, we will examine the current price action, trading volume, key levels and indicators for VIDT-BTC. VIDT DAO is a decentralized autonomous organization that utilizes blockchain technology to facilitate the creation and management of digital assets. It enables content creators to monetize their digital assets through a decentralized marketplace, providing an alternative to traditional platforms like YouTube and Patreon. By leveraging smart contracts and token-based incentives, VIDT DAO empowers content creators with greater control over their work and fairer compensation for their efforts.
VIDT DAO Price Overview:
As of July 08, 2024, VIDT DAO is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for VIDT-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 726,363.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): VIDT DAO reached a daily high of around 0.0 BTC.
- Low (L): The daily low for VIDT-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, VIDT DAO is trading near its daily close of 0.0 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 9.09% |
| 3D Change (%) | 5.88% |
| 7D Change (%) | -2.70% |
| 30D Change (%) | -18.18% |
| 90D Change (%) | -49.30% |
| YTD Change (%) | -45.45% |
Over the past three days, VIDTBTC has risen by approximately 5.88%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -2.70%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with VIDTBTC maintaining a downward trend of approximately -18.18%, despite intermittent fluctuations. Examining the last 90 days, VIDTBTC has witnessed substantial decline of approximately -49.30%, reflecting strong long-term confidence. Year-to-date, VIDTBTC has steadily dropped by around -45.45%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
VIDT DAO Live Chart:
You can access a live price chart for VIDT-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 0.70493.
- Momentum score is -0.07692.
VIDT BTC Technical Analysis
VIDT DAO Trading Volume:
The trading volume for VIDT DAO (VIDT) over the past 24 hours has been insignificant, with approximately 726,363.00 BTC traded against VIDT. 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): VIDT is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): VIDT DAO is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for VIDT-BTC is currently in the low zone, around 40.20623. This suggests that VIDT DAO is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
VIDT DAO (VIDT-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 low RSI and insignificant trading volume are low signals for potential downward movement.
Explore VIDT DAO’s (VIDTBTC) potential setbacks at 3.60e-07 BTC through bearish technical analysis, emphasizing weakened support and cautionary indicators.
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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.