WAN USDT Wanchain Technical Analysis

Wanchain logo In this Wanchain technical analysis, we will examine the current price action, trading volume, key levels and indicators for WAN-USDT. Wanchain is a decentralized blockchain platform that enables the seamless exchange and transfer of value between different blockchains, including traditional fiat currencies. Through its innovative cross-chain technology, Wanchain facilitates interoperability between various blockchain networks, allowing for greater liquidity and accessibility in the cryptocurrency market. By bridging the gap between different blockchain ecosystems, Wanchain aims to create a more unified and robust decentralized financial system.

Wanchain Price Overview:

As of September 22, 2023, Wanchain is trading at approximately 0.1833 USDT. Let’s dive into the detailed price action for WAN-USDT:

Metric Value
Open (O) 0.1812
High (H) 0.1847
Low (L) 0.1795
Close (C) 0.1833
Volume (C) 351,864.00
  • Open (O): The opening price for today’s trading session was approximately 0.1812 USDT.
  • High (H): Wanchain reached a daily high of around 0.1847 USDT.
  • Low (L): The daily low for WAN-USDT was approximately 0.1795 USDT.
  • Close (C): At the time of analysis, Wanchain is trading near its daily close of 0.1833 USDT.
Metric Value
1D Change (%) 0.99%
3D Change (%) -1.19%
7D Change (%) -2.55%
30D Change (%) 4.56%
90D Change (%) -2.76%
YTD Change (%) 1.89%

Over the past three days, WANUSDT has declined by approximately -1.19%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -2.55%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with WANUSDT maintaining an upward trend of approximately 4.56%, despite intermittent fluctuations. Examining the last 90 days, WANUSDT has witnessed substantial decrease of approximately -2.76%, reflecting strong long-term confidence. Year-to-date, WANUSDT has steadily appreciated by around 1.89%, 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-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 0.33992.
  • Momentum score is 0.04564.

WAN USDT Technical Analysis

Wanchain Trading Volume:

The trading volume for Wanchain (WAN) over the past 24 hours has been insignificant, with approximately 351,864.00 USDT 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-USDT is currently in the neutral zone, around 47.0954. This suggests that Wanchain is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

Wanchain (WAN-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 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.