In this Wanchain technical analysis, we will examine the current price action, trading volume, key levels and indicators for WAN-BTC. Wanchain is a decentralized financial platform that leverages blockchain technology to provide secure and transparent financial services. Its native cryptocurrency, WAN, serves as the backbone of the network, enabling fast and low-cost transactions for users worldwide. With Wanchain, users can access a wide range of financial products and services, such as lending, borrowing, and trading, all within a secure and decentralized ecosystem.
Wanchain Price Overview:
As of May 20, 2024, Wanchain is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for WAN-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 386,354.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): Wanchain reached a daily high of around 0.0 BTC.
- Low (L): The daily low for WAN-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, Wanchain is trading near its daily close of 0.0 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -4.20% |
| 3D Change (%) | -7.82% |
| 7D Change (%) | -9.28% |
| 30D Change (%) | -26.61% |
| 90D Change (%) | -21.02% |
| YTD Change (%) | -42.03% |
Over the past three days, WANBTC has fallen by approximately -7.82%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -9.28%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with WANBTC maintaining a downward trend of approximately -26.61%, despite intermittent fluctuations. Examining the last 90 days, WANBTC has witnessed substantial decline of approximately -21.02%, reflecting strong long-term confidence. Year-to-date, WANBTC has steadily declined by around -42.03%, 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 0.45172.
- Momentum score is -0.17191.
WAN BTC Technical Analysis
Wanchain Trading Volume:
The trading volume for Wanchain (WAN) over the past 24 hours has been significant, with approximately 386,354.00 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 low zone, around 37.63554. This suggests that Wanchain is in bearish 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 low RSI and significant trading volume are low signals for potential downward movement.
Consider bearish sentiment for Wanchain (WANBTC) at 3.42e-06 BTC with technical analysis, highlighting 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.