VIDT USDT VIDT DAO Technical Analysis

VIDT DAO logo In this VIDT DAO technical analysis, we will examine the current price action, trading volume, key levels and indicators for VIDT-USDT. VIDT DAO is a decentralized autonomous organization that aims to provide a platform for decentralized finance (DeFi) and non-fungible tokens (NFTs). It utilizes a proof-of-stake consensus algorithm, allowing holders of VIDT tokens to participate in the validation process and earn rewards. The VIDT DAO ecosystem also includes a decentralized exchange, a lending platform, and a launchpad for NFT projects.

VIDT DAO Price Overview:

As of October 02, 2023, VIDT DAO is trading at approximately 0.01829 USDT. Let’s dive into the detailed price action for VIDT-USDT:

Metric Value
Open (O) 0.01877
High (H) 0.01885
Low (L) 0.0182
Close (C) 0.01829
Volume (C) 26,591,686.00
  • Open (O): The opening price for today’s trading session was approximately 0.01877 USDT.
  • High (H): VIDT DAO reached a daily high of around 0.01885 USDT.
  • Low (L): The daily low for VIDT-USDT was approximately 0.0182 USDT.
  • Close (C): At the time of analysis, VIDT DAO is trading near its daily close of 0.01829 USDT.
Metric Value
1D Change (%) -2.61%
3D Change (%) 0.22%
7D Change (%) 1.89%
30D Change (%) 7.40%
90D Change (%) -18.35%
YTD Change (%) -28.80%

Over the past three days, VIDTUSDT has risen by approximately 0.22%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 1.89%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with VIDTUSDT maintaining an upward trend of approximately 7.40%, despite intermittent fluctuations. Examining the last 90 days, VIDTUSDT has witnessed substantial decrease of approximately -18.35%, reflecting strong long-term confidence. Year-to-date, VIDTUSDT has steadily dropped by around -28.80%, 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-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 0.58702.
  • Momentum score is 0.07399.

VIDT USDT Technical Analysis

VIDT DAO Trading Volume:

The trading volume for VIDT DAO (VIDT) over the past 24 hours has been insignificant, with approximately 26,591,686.00 USDT 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 above the 50-day SMA, indicating short-term bullish momentum.
  • 200-day Simple Moving Average (SMA): VIDT DAO is also trading above the 200-day SMA, indicating a positive long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for VIDT-USDT is currently in the neutral zone, around 48.71676. This suggests that VIDT DAO is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

VIDT DAO (VIDT-USDT) is currently exhibiting signs of short-term bullish 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.