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 cryptocurrency that utilizes a unique consensus algorithm called “Proof of Stake with Time Warp” which allows for faster transaction processing times and increased security. VeThor also features a decentralized governance system, allowing holders of the cryptocurrency to vote on proposals for its development and growth. With its innovative consensus mechanism and focus on community involvement, VeThor has gained popularity among cryptocurrency enthusiasts and is seen as a promising alternative to traditional proof-of-work algorithms.
VeThor Price Overview:
As of October 02, 2023, VeThor is trading at approximately 0.00118 USDT. Let’s dive into the detailed price action for VTHO-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.00121 |
| High (H) | 0.00123 |
| Low (L) | 0.00118 |
| Close (C) | 0.00118 |
| Volume (C) | 554,570,625.00 |
- Open (O): The opening price for today’s trading session was approximately 0.00121 USDT.
- High (H): VeThor reached a daily high of around 0.00123 USDT.
- Low (L): The daily low for VTHO-USDT was approximately 0.00118 USDT.
- Close (C): At the time of analysis, VeThor is trading near its daily close of 0.00118 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -2.39% |
| 3D Change (%) | 3.77% |
| 7D Change (%) | 5.16% |
| 30D Change (%) | 31.01% |
| 90D Change (%) | -11.72% |
| YTD Change (%) | 30.86% |
Over the past three days, VTHOUSDT has increased by approximately 3.77%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 5.16%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with VTHOUSDT maintaining an upward trend of approximately 31.01%, despite intermittent fluctuations. Examining the last 90 days, VTHOUSDT has witnessed substantial fall of approximately -11.72%, reflecting strong long-term confidence. Year-to-date, VTHOUSDT has steadily increased by around 30.86%, 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 1.55608.
- Momentum score is 0.31008.
VTHO USDT Technical Analysis
VeThor Trading Volume:
The trading volume for VeThor (VTHO) over the past 24 hours has been insignificant, with approximately 554,570,625.00 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): VeThor is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for VTHO-USDT is currently in the neutral zone, around 53.56814. This suggests that VeThor is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
VeThor (VTHO-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.
