In this Vite technical analysis, we will examine the current price action, trading volume, key levels and indicators for VITE-USDT. Vite is a fast and secure blockchain platform that enables developers to build decentralized applications with ease. Its unique features include instant transaction finality and a novel consensus algorithm that ensures high scalability and security. With Vite, users can enjoy seamless and efficient experiences in the world of decentralized finance (DeFi) and beyond.
Vite Price Overview:
As of May 13, 2024, Vite is trading at approximately 0.02231 USDT. Let’s dive into the detailed price action for VITE-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.02282 |
| High (H) | 0.02294 |
| Low (L) | 0.02167 |
| Close (C) | 0.02231 |
| Volume (C) | 40,238,224.30 |
- Open (O): The opening price for today’s trading session was approximately 0.02282 USDT.
- High (H): Vite reached a daily high of around 0.02294 USDT.
- Low (L): The daily low for VITE-USDT was approximately 0.02167 USDT.
- Close (C): At the time of analysis, Vite is trading near its daily close of 0.02231 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -2.23% |
| 3D Change (%) | 1.59% |
| 7D Change (%) | -0.98% |
| 30D Change (%) | -7.04% |
| 90D Change (%) | 21.98% |
| YTD Change (%) | 15.06% |
Over the past three days, VITEUSDT has increased by approximately 1.59%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -0.98%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with VITEUSDT maintaining a downward trend of approximately -7.04%, despite intermittent fluctuations. Examining the last 90 days, VITEUSDT has witnessed substantial increase of approximately 21.98%, reflecting strong long-term confidence. Year-to-date, VITEUSDT has steadily increased by around 15.06%, 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 0.79779.
- Momentum score is -0.20207.
VITE USDT Technical Analysis
Vite Trading Volume:
The trading volume for Vite (VITE) over the past 24 hours has been insignificant, with approximately 40,238,224.30 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 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-USDT is currently in the low zone, around 44.86554. This suggests that Vite is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Vite (VITE-USDT) is currently exhibiting signs of short-term bearish 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 low RSI and insignificant trading volume are low signals for potential downward movement.
Explore Vite’s (VITEUSDT) potential setbacks at 2.23e-02 USDT through bearish technical analysis, emphasizing weakened support and cautionary indicators.
For a deeper dive into the subject, don’t miss our comprehensive analysis on VITE BTC Vite Technical Analysis if you found this post intriguing.
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.