In this Vite technical analysis, we will examine the current price action, trading volume, key levels and indicators for VITE-USDT. Sure, here are three sentences about Vite (VITE) cryptocurrency: Vite is a fast and secure blockchain platform that enables developers to build decentralized applications with ease. Its novel consensus algorithm, called Proof of View (PoV), ensures that transactions are validated quickly and efficiently, while its modular architecture allows for seamless integration with other blockchain networks. With Vite, developers can focus on building innovative dApps without worrying about the underlying infrastructure.
Vite Price Overview:
As of October 03, 2023, Vite is trading at approximately 0.01227 USDT. Let’s dive into the detailed price action for VITE-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.01219 |
| High (H) | 0.01273 |
| Low (L) | 0.01201 |
| Close (C) | 0.01227 |
| Volume (C) | 44,259,944.20 |
- Open (O): The opening price for today’s trading session was approximately 0.01219 USDT.
- High (H): Vite reached a daily high of around 0.01273 USDT.
- Low (L): The daily low for VITE-USDT was approximately 0.01201 USDT.
- Close (C): At the time of analysis, Vite is trading near its daily close of 0.01227 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.66% |
| 3D Change (%) | -0.81% |
| 7D Change (%) | -3.08% |
| 30D Change (%) | 5.41% |
| 90D Change (%) | -14.38% |
| YTD Change (%) | -33.96% |
Over the past three days, VITEUSDT has fallen by approximately -0.81%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -3.08%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with VITEUSDT maintaining an upward trend of approximately 5.41%, despite intermittent fluctuations. Examining the last 90 days, VITEUSDT has witnessed substantial fall of approximately -14.38%, reflecting strong long-term confidence. Year-to-date, VITEUSDT has steadily declined by around -33.96%, 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-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 0.85088.
- Momentum score is 0.05412.
VITE USDT Technical Analysis
Vite Trading Volume:
The trading volume for Vite (VITE) over the past 24 hours has been insignificant, with approximately 44,259,944.20 USDT traded against VITE. 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): VITE is currently trading above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Vite is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for VITE-USDT is currently in the neutral zone, around 49.42413. This suggests that Vite is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Vite (VITE-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.
