In this Vite technical analysis, we will examine the current price action, trading volume, key levels and indicators for VITE-BTC. Vite (VITE) is a fast, decentralized blockchain platform that utilizes a unique consensus algorithm called “Proof of Belief” to secure its network. This algorithm allows for faster transaction times and lower energy consumption compared to other proof-of-work algorithms. Vite also features a modular architecture that enables developers to build and deploy their own dApps (decentralized applications) on the platform, making it a promising solution for the development of decentralized finance (DeFi) applications.
Vite Price Overview:
As of October 02, 2023, Vite is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for VITE-BTC:
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): Vite reached a daily high of around 0.0 BTC.
- Low (L): The daily low for VITE-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, Vite is trading near its daily close of 0.0 BTC.
|1D Change (%)||-4.35%|
|3D Change (%)||-6.38%|
|7D Change (%)||-4.35%|
|30D Change (%)||-4.35%|
|90D Change (%)||-8.33%|
|YTD Change (%)||-60.71%|
Over the past three days, VITEBTC has fallen by approximately -6.38%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -4.35%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with VITEBTC maintaining a downward trend of approximately -4.35%, despite intermittent fluctuations. Examining the last 90 days, VITEBTC has witnessed substantial fall of approximately -8.33%, reflecting strong long-term confidence. Year-to-date, VITEBTC has steadily dropped by around -60.71%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Vite Live Chart:
You can access a live price chart for VITE-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 0.78718.
- Momentum score is -0.04348.
VITE BTC Technical Analysis
Vite Trading Volume:
The trading volume for Vite (VITE) over the past 24 hours has been insignificant, with approximately 1,834,228.00 BTC traded against VITE. 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): VITE is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Vite is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for VITE-BTC is currently in the neutral zone, around 47.14596. This suggests that Vite is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Vite (VITE-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.