In this Wing Finance technical analysis, we will examine the current price action, trading volume, key levels and indicators for WING-BTC. Wing Finance is a decentralized finance (DeFi) platform that utilizes blockchain technology to provide users with access to financial services such as lending, borrowing, and trading. WING is the native cryptocurrency of the Wing Finance platform and serves as the primary medium of exchange for these financial services. With its focus on decentralization and transparency, Wing Finance aims to disrupt traditional finance by providing users with more secure, efficient, and accessible financial solutions.
Wing Finance Price Overview:
As of May 13, 2024, Wing Finance is trading at approximately 0.00011 BTC. Let’s dive into the detailed price action for WING-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.00011 |
| High (H) | 0.00011 |
| Low (L) | 0.00011 |
| Close (C) | 0.00011 |
| Volume (C) | 1,023.11 |
- Open (O): The opening price for today’s trading session was approximately 0.00011 BTC.
- High (H): Wing Finance reached a daily high of around 0.00011 BTC.
- Low (L): The daily low for WING-BTC was approximately 0.00011 BTC.
- Close (C): At the time of analysis, Wing Finance is trading near its daily close of 0.00011 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -3.02% |
| 3D Change (%) | -20.04% |
| 7D Change (%) | -22.43% |
| 30D Change (%) | -28.84% |
| 90D Change (%) | -53.59% |
| YTD Change (%) | -43.40% |
Over the past three days, WINGBTC has fallen by approximately -20.04%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -22.43%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with WINGBTC maintaining a downward trend of approximately -28.84%, despite intermittent fluctuations. Examining the last 90 days, WINGBTC has witnessed substantial fall of approximately -53.59%, reflecting strong long-term confidence. Year-to-date, WINGBTC has steadily declined by around -43.40%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Wing Finance Live Chart:
You can access a live price chart for WING-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 0.69519.
- Momentum score is -0.27085.
WING BTC Technical Analysis
Wing Finance Trading Volume:
The trading volume for Wing Finance (WING) over the past 24 hours has been insignificant, with approximately 1,023.11 BTC traded against WING. 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): WING is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Wing Finance is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for WING-BTC is currently in the low zone, around 32.91159. This suggests that Wing Finance is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Wing Finance (WING-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 insignificant trading volume are low signals for potential downward movement.
Consider bearish sentiment in Wing Finance (WINGBTC) at 1.09e-04 BTC with technical analysis, showcasing 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.