In this VeThor technical analysis, we will examine the current price action, trading volume, key levels and indicators for VTHO-USDT. VeThor (VTHO) is a decentralized blockchain-based platform that enables the creation and execution of smart contracts, providing users with secure and transparent transactions. With its innovative proof-of-stake consensus algorithm, VeThor offers faster and more energy-efficient validation compared to traditional proof-of-work algorithms. Additionally, VeThor’s unique Thor’s Hammer feature allows for the decentralized governance of the network, ensuring that decisions are made by the community rather than a central authority.
VeThor Price Overview:
As of July 06, 2024, VeThor is trading at approximately 0.0022 USDT. Let’s dive into the detailed price action for VTHO-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.0021 |
| High (H) | 0.0022 |
| Low (L) | 0.00208 |
| Close (C) | 0.0022 |
| Volume (C) | 172,842,785.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0021 USDT.
- High (H): VeThor reached a daily high of around 0.0022 USDT.
- Low (L): The daily low for VTHO-USDT was approximately 0.00208 USDT.
- Close (C): At the time of analysis, VeThor is trading near its daily close of 0.0022 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 4.42% |
| 3D Change (%) | -5.59% |
| 7D Change (%) | -6.99% |
| 30D Change (%) | -31.14% |
| 90D Change (%) | -47.64% |
| YTD Change (%) | -6.51% |
Over the past three days, VTHOUSDT has declined by approximately -5.59%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -6.99%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with VTHOUSDT maintaining a downward trend of approximately -31.14%, despite intermittent fluctuations. Examining the last 90 days, VTHOUSDT has witnessed substantial decline of approximately -47.64%, reflecting strong long-term confidence. Year-to-date, VTHOUSDT has steadily declined by around -6.51%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
VeThor Live Chart:
You can access a live price chart for VTHO-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 0.76472.
- Momentum score is -0.19294.
VTHO USDT Technical Analysis
VeThor Trading Volume:
The trading volume for VeThor (VTHO) over the past 24 hours has been insignificant, with approximately 172,842,785.00 USDT traded against VTHO. 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): VTHO is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): VeThor is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for VTHO-USDT is currently in the low zone, around 39.88618. This suggests that VeThor is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
VeThor (VTHO-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.
Clearly see potential bearish trend for VeThor (VTHOUSDT) at 2.20e-03 USDT through detailed technical analysis, highlighting weakened support and cautionary indicators.
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.