VIDT USDT VIDT DAO Technical Analysis

Photo of author

By Frans van Elst

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 utilizes blockchain technology to facilitate the creation and management of digital assets. It enables content creators to monetize their digital assets in a secure, transparent, and decentralized manner. With VIDT, content creators can reach a wider audience, increase their revenue streams, and maintain full control over their digital assets.

VIDT DAO Price Overview:

As of April 08, 2024, VIDT DAO is trading at approximately 0.05336 USDT. Let’s dive into the detailed price action for VIDT-USDT:

Clearly see potential bearish trend for VIDT DAO (VIDTUSDT) at 5.34e-02 USDT through detailed technical analysis, highlighting weakened support and cautionary indicators.

Metric Value
Open (O) 0.05375
High (H) 0.0546
Low (L) 0.0528
Close (C) 0.05336
Volume (C) 36,864,997.00
  • Open (O): The opening price for today’s trading session was approximately 0.05375 USDT.
  • High (H): VIDT DAO reached a daily high of around 0.0546 USDT.
  • Low (L): The daily low for VIDT-USDT was approximately 0.0528 USDT.
  • Close (C): At the time of analysis, VIDT DAO is trading near its daily close of 0.05336 USDT.
Metric Value
1D Change (%) -0.80%
3D Change (%) 7.06%
7D Change (%) -7.70%
30D Change (%) 17.27%
90D Change (%) 80.64%
YTD Change (%) 91.46%

Over the past three days, VIDTUSDT has increased by approximately 7.06%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -7.70%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with VIDTUSDT maintaining an upward trend of approximately 17.27%, despite intermittent fluctuations. Examining the last 90 days, VIDTUSDT has witnessed substantial increase of approximately 80.64%, reflecting strong long-term confidence. Year-to-date, VIDTUSDT has steadily increased by around 91.46%, 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 1.03876.
  • Momentum score is -0.01258.

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 36,864,997.00 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 54.57883. 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.

Clearly see potential bearish trend for VIDT DAO (VIDTUSDT) at 5.34e-02 USDT through detailed technical analysis, highlighting weakened support and cautionary indicators.

Take your understanding to the next level with our extensive analysis of VIDT BTC VIDT DAO Technical Analysis; if you enjoyed this post, you’re in for a treat!

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.

You have not selected any currencies to display