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 financial platform that utilizes blockchain technology to provide secure and transparent financial services. It aims to bridge the gap between traditional finance and decentralized finance by offering a wide range of financial products and tools, such as lending, borrowing, and trading. With its innovative features and strong focus on security, Wanchain is poised to revolutionize the financial industry and provide new opportunities for investors and traders alike.
Wanchain Price Overview:
As of July 02, 2024, Wanchain is trading at approximately 0.1868 USDT. Let’s dive into the detailed price action for WAN-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.191 |
| High (H) | 0.192 |
| Low (L) | 0.1863 |
| Close (C) | 0.1868 |
| Volume (C) | 2,037,295.00 |
- Open (O): The opening price for today’s trading session was approximately 0.191 USDT.
- High (H): Wanchain reached a daily high of around 0.192 USDT.
- Low (L): The daily low for WAN-USDT was approximately 0.1863 USDT.
- Close (C): At the time of analysis, Wanchain is trading near its daily close of 0.1868 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -2.30% |
| 3D Change (%) | -0.53% |
| 7D Change (%) | -6.41% |
| 30D Change (%) | -23.85% |
| 90D Change (%) | -45.01% |
| YTD Change (%) | -25.25% |
Over the past three days, WANUSDT has decreased by approximately -0.53%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -6.41%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with WANUSDT maintaining a downward trend of approximately -23.85%, despite intermittent fluctuations. Examining the last 90 days, WANUSDT has witnessed substantial decrease of approximately -45.01%, reflecting strong long-term confidence. Year-to-date, WANUSDT has steadily declined by around -25.25%, 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 0.6605.
- Momentum score is -0.15207.
WAN USDT Technical Analysis
Wanchain Trading Volume:
The trading volume for Wanchain (WAN) over the past 24 hours has been insignificant, with approximately 2,037,295.00 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 low zone, around 40.85438. This suggests that Wanchain is in bearish 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 low RSI and insignificant trading volume are low signals for potential downward movement.
Unveil potential setbacks for Wanchain (WANUSDT) at 1.87e-01 USDT through technical analysis, showcasing bearish trends, weakened support, and cautionary indicators.
For a deeper dive into the subject, don’t miss our comprehensive analysis on WAN BTC Wanchain Technical Analysis if you found this post intriguing.
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.