In this Wanchain technical analysis, we will examine the current price action, trading volume, key levels and indicators for WAN-BTC. Sure, here are three sentences about Wanchain (WAN) cryptocurrency: Wanchain is a decentralized financial platform that leverages blockchain technology to provide interoperability between different cryptocurrencies and traditional financial systems. With Wanchain, users can easily exchange assets across different blockchains and enjoy a wide range of financial services, such as lending, borrowing, and trading. By utilizing advanced cryptographic techniques and a novel consensus algorithm, Wanchain ensures secure and efficient transactions for its users.
Wanchain Price Overview:
As of October 03, 2023, Wanchain is trading at approximately 1e-05 BTC. Let’s dive into the detailed price action for WAN-BTC:
| Metric | Value |
|---|---|
| Open (O) | 1e-05 |
| High (H) | 1e-05 |
| Low (L) | 1e-05 |
| Close (C) | 1e-05 |
| Volume (C) | 436,620.00 |
- Open (O): The opening price for today’s trading session was approximately 1e-05 BTC.
- High (H): Wanchain reached a daily high of around 1e-05 BTC.
- Low (L): The daily low for WAN-BTC was approximately 1e-05 BTC.
- Close (C): At the time of analysis, Wanchain is trading near its daily close of 1e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 2.12% |
| 3D Change (%) | -1.89% |
| 7D Change (%) | -5.06% |
| 30D Change (%) | -5.46% |
| 90D Change (%) | -0.88% |
| YTD Change (%) | -38.02% |
Over the past three days, WANBTC has decreased by approximately -1.89%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -5.06%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with WANBTC maintaining a downward trend of approximately -5.46%, despite intermittent fluctuations. Examining the last 90 days, WANBTC has witnessed substantial decrease of approximately -0.88%, reflecting strong long-term confidence. Year-to-date, WANBTC has steadily decreased by around -38.02%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Wanchain Live Chart:
You can access a live price chart for WAN-BTC 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 0.29373.
- Momentum score is -0.05462.
WAN BTC Technical Analysis
Wanchain Trading Volume:
The trading volume for Wanchain (WAN) over the past 24 hours has been significant, with approximately 436,620.00 BTC traded against WAN. 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): WAN is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Wanchain is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for WAN-BTC is currently in the neutral zone, around 47.10238. This suggests that Wanchain is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Wanchain (WAN-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the neutral RSI and significant 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.
