WING USDT Wing Finance Technical Analysis

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By Frans van Elst

Wing Finance logo In this Wing Finance technical analysis, we will examine the current price action, trading volume, key levels and indicators for WING-USDT. Wing Finance (WING) is a decentralized finance (DeFi) platform that utilizes blockchain technology to provide users with a wide range of financial services. With WING, users can access features such as lending, borrowing, and trading all within one ecosystem. Additionally, Wing Finance’s innovative use of smart contracts ensures secure, transparent, and efficient transactions for all users.

Wing Finance Price Overview:

As of May 14, 2024, Wing Finance is trading at approximately 5.66 USDT. Let’s dive into the detailed price action for WING-USDT:

Follow potential bearish trend for Wing Finance (WINGUSDT) at 5.66 USDT with technical analysis, indicating cautionary indicators and weakened support.

Metric Value
Open (O) 5.89
High (H) 5.89
Low (L) 5.63
Close (C) 5.66
Volume (C) 162,997.27
  • Open (O): The opening price for today’s trading session was approximately 5.89 USDT.
  • High (H): Wing Finance reached a daily high of around 5.89 USDT.
  • Low (L): The daily low for WING-USDT was approximately 5.63 USDT.
  • Close (C): At the time of analysis, Wing Finance is trading near its daily close of 5.66 USDT.
Metric Value
1D Change (%) -3.74%
3D Change (%) -3.41%
7D Change (%) -3.08%
30D Change (%) -9.58%
90D Change (%) -36.26%
YTD Change (%) -30.47%

Over the past three days, WINGUSDT has dropped by approximately -3.41%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -3.08%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with WINGUSDT maintaining a downward trend of approximately -9.58%, despite intermittent fluctuations. Examining the last 90 days, WINGUSDT has witnessed substantial drop of approximately -36.26%, reflecting strong long-term confidence. Year-to-date, WINGUSDT has steadily declined by around -30.47%, 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-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 0.51108.
  • Momentum score is -0.13456.

WING USDT Technical Analysis

Wing Finance Trading Volume:

The trading volume for Wing Finance (WING) over the past 24 hours has been insignificant, with approximately 162,997.27 USDT 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-USDT is currently in the low zone, around 40.38. This suggests that Wing Finance is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

Wing Finance (WING-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.

Follow potential bearish trend for Wing Finance (WINGUSDT) at 5.66 USDT with technical analysis, indicating cautionary indicators and weakened support.

Don’t overlook our detailed insights on WING BTC Wing Finance Technical Analysis if you found this post captivating; it’s a must-read for further exploration.

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.

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