In this Wing Finance technical analysis, we will examine the current price action, trading volume, key levels and indicators for WING-USDT. Here are three sentences about Wing Finance (WING) cryptocurrency: Wing Finance is a decentralized finance platform that utilizes blockchain technology to provide financial services such as lending, borrowing, and staking. WING is the native cryptocurrency of the platform, which allows users to participate in the network’s governance and decision-making processes. By holding WING tokens, users can also earn rewards in the form of interest on their holdings, providing an incentive for participation and contributing to the growth of the ecosystem.
Wing Finance Price Overview:
As of October 02, 2023, Wing Finance is trading at approximately 5.79 USDT. Let’s dive into the detailed price action for WING-USDT:
| Metric | Value |
|---|---|
| Open (O) | 5.83 |
| High (H) | 6.15 |
| Low (L) | 5.73 |
| Close (C) | 5.79 |
| Volume (C) | 577,968.36 |
- Open (O): The opening price for today’s trading session was approximately 5.83 USDT.
- High (H): Wing Finance reached a daily high of around 6.15 USDT.
- Low (L): The daily low for WING-USDT was approximately 5.73 USDT.
- Close (C): At the time of analysis, Wing Finance is trading near its daily close of 5.79 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.69% |
| 3D Change (%) | 2.30% |
| 7D Change (%) | 3.39% |
| 30D Change (%) | 24.52% |
| 90D Change (%) | 21.89% |
| YTD Change (%) | 13.75% |
Over the past three days, WINGUSDT has risen by approximately 2.30%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 3.39%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with WINGUSDT maintaining an upward trend of approximately 24.52%, despite intermittent fluctuations. Examining the last 90 days, WINGUSDT has witnessed substantial increase of approximately 21.89%, reflecting strong long-term confidence. Year-to-date, WINGUSDT has steadily increased by around 13.75%, 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 1.17144.
- Momentum score is 0.24516.
WING USDT Technical Analysis
Wing Finance Trading Volume:
The trading volume for Wing Finance (WING) over the past 24 hours has been significant, with approximately 577,968.36 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Wing Finance is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for WING-USDT is currently in the neutral zone, around 54.97928. This suggests that Wing Finance is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Wing Finance (WING-USDT) is currently exhibiting signs of short-term bullish 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.
