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 July 08, 2024, Vite is trading at approximately 0.01421 USDT. Let’s dive into the detailed price action for VITE-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.01324 |
| High (H) | 0.01452 |
| Low (L) | 0.01293 |
| Close (C) | 0.01421 |
| Volume (C) | 32,863,433.70 |
- Open (O): The opening price for today’s trading session was approximately 0.01324 USDT.
- High (H): Vite reached a daily high of around 0.01452 USDT.
- Low (L): The daily low for VITE-USDT was approximately 0.01293 USDT.
- Close (C): At the time of analysis, Vite is trading near its daily close of 0.01421 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 7.25% |
| 3D Change (%) | 6.92% |
| 7D Change (%) | -16.51% |
| 30D Change (%) | -35.32% |
| 90D Change (%) | -57.24% |
| YTD Change (%) | -26.71% |
Over the past three days, VITEUSDT has risen by approximately 6.92%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -16.51%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with VITEUSDT maintaining a downward trend of approximately -35.32%, despite intermittent fluctuations. Examining the last 90 days, VITEUSDT has witnessed substantial decrease of approximately -57.24%, reflecting strong long-term confidence. Year-to-date, VITEUSDT has steadily dropped by around -26.71%, 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-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 0.8542.
- Momentum score is -0.23848.
VITE USDT Technical Analysis
Vite Trading Volume:
The trading volume for Vite (VITE) over the past 24 hours has been insignificant, with approximately 32,863,433.70 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 38.56847. 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.
Delve into potential challenges for Vite (VITEUSDT) at 1.42e-02 USDT, guided by bearish technical analysis emphasizing weakened support and cautionary indicators.
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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.