In this WINkLink technical analysis, we will examine the current price action, trading volume, key levels and indicators for WIN-USDT. Winklink is a decentralized cryptocurrency that utilizes a unique consensus algorithm called Proof of Stake (PoS) with a twist. The PoS algorithm allows for faster transaction times and lower energy consumption compared to traditional PoS algorithms, making it an attractive option for users looking for a more eco-friendly alternative to traditional cryptocurrencies. Additionally, Winklink’s decentralized governance model allows for community members to propose and vote on proposals for the development and growth of the network.
WINkLink Price Overview:
As of October 02, 2023, WINkLink is trading at approximately 6e-05 USDT. Let’s dive into the detailed price action for WIN-USDT:
- Open (O): The opening price for today’s trading session was approximately 6e-05 USDT.
- High (H): WINkLink reached a daily high of around 6e-05 USDT.
- Low (L): The daily low for WIN-USDT was approximately 6e-05 USDT.
- Close (C): At the time of analysis, WINkLink is trading near its daily close of 6e-05 USDT.
|1D Change (%)||-2.34%|
|3D Change (%)||-0.63%|
|7D Change (%)||2.62%|
|30D Change (%)||1.95%|
|90D Change (%)||-13.06%|
|YTD Change (%)||-16.42%|
Over the past three days, WINUSDT has declined by approximately -0.63%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 2.62%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with WINUSDT maintaining an upward trend of approximately 1.95%, despite intermittent fluctuations. Examining the last 90 days, WINUSDT has witnessed substantial decline of approximately -13.06%, reflecting strong long-term confidence. Year-to-date, WINUSDT has steadily declined by around -16.42%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
WINkLink Live Chart:
You can access a live price chart for WIN-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 0.21415.
- Momentum score is 0.01954.
WIN USDT Technical Analysis
WINkLink Trading Volume:
The trading volume for WINkLink (WIN) over the past 24 hours has been significant, with approximately 5,631,225,048.00 USDT traded against WIN. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
- 50-day Simple Moving Average (SMA): WIN is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): WINkLink is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for WIN-USDT is currently in the neutral zone, around 48.58279. This suggests that WINkLink is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
WINkLink (WIN-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 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.