This technical analysis of Wing Finance, focusing on the current price action, trading volume, key levels, and indicators for WING-USDT. Wing Finance, a decentralized finance (DeFi) platform, leverages blockchain technology to offer users a comprehensive range of financial services. With WING, users can access lending, borrowing, and trading capabilities within a single ecosystem. Moreover, Wing Finance’s innovative use of smart contracts ensures secure, transparent, and efficient transactions for all users.
Wing Finance Price Overview:
As of July 19, 2024, Wing Finance is trading at approximately 5.2 USDT. Let’s dive into the detailed price action for WING-USDT:
| Metric | Value |
|---|---|
| Open (O) | 5.28 |
| High (H) | 5.37 |
| Low (L) | 5.15 |
| Close (C) | 5.2 |
| Volume (C) | 37,596.49 |
- Open (O): The opening price for today’s trading session was approximately 5.28 USDT.
- High (H): Wing Finance reached a daily high of around 5.37 USDT.
- Low (L): The daily low for WING-USDT was approximately 5.15 USDT.
- Close (C): At the time of analysis, Wing Finance is trading near its daily close of 5.2 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.70% |
| 3D Change (%) | -2.26% |
| 7D Change (%) | 5.05% |
| 30D Change (%) | 6.12% |
| 90D Change (%) | -21.45% |
| YTD Change (%) | -36.12% |
Over the past three days, WINGUSDT has experienced a decline of approximately -2.26%, indicating increased market volatility. In contrast, its performance over the last week was marked by a significant gain of around 5.05%, suggesting growing investor interest. A 30-day analysis provides a more comprehensive view, revealing an upward trend of approximately 6.12%. However, when examining the last 90 days, WINGUSDT has witnessed a substantial decline of around -21.45%, reflecting a shift in long-term investor confidence. Year-to-date, WINGUSDT has steadily declined by approximately -36.12%.
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 0.53864.
- Momentum score is -0.04412.
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 37,596.49 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 neutral zone, around 47.04081. This suggests that Wing Finance is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Wing Finance (WING-USDT) is currently displaying short-term bearish momentum, with key support and resistance levels garnering attention. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities to emerge. Furthermore, the neutral RSI reading and insignificant trading volume are indicative of a sideways movement that may unfold.
Wing Finance (WINGUSDT) poised for growth at 5.20 USDT, as bullish technical analysis reveals robust support and promising 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.