In this WOO Network technical analysis, we will examine the current price action, trading volume, key levels and indicators for WOO-USDT. WOO Network is a decentralized platform that enables users to earn rewards in the form of cryptocurrency for completing various tasks and activities. The platform utilizes a proof-of-stake consensus algorithm, which allows for faster and more energy-efficient transactions compared to traditional proof-of-work algorithms. With WOO Network, users can monetize their digital assets and participate in a decentralized economy that values user engagement and contribution.
WOO Network Price Overview:
As of June 29, 2024, WOO Network is trading at approximately 0.2079 USDT. Let’s dive into the detailed price action for WOO-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.2091 |
| High (H) | 0.2139 |
| Low (L) | 0.2071 |
| Close (C) | 0.2079 |
| Volume (C) | 3,173,608.70 |
- Open (O): The opening price for today’s trading session was approximately 0.2091 USDT.
- High (H): WOO Network reached a daily high of around 0.2139 USDT.
- Low (L): The daily low for WOO-USDT was approximately 0.2071 USDT.
- Close (C): At the time of analysis, WOO Network is trading near its daily close of 0.2079 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.57% |
| 3D Change (%) | -3.57% |
| 7D Change (%) | -1.47% |
| 30D Change (%) | -37.10% |
| 90D Change (%) | -57.55% |
| YTD Change (%) | -47.43% |
Over the past three days, WOOUSDT has declined by approximately -3.57%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -1.47%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with WOOUSDT maintaining a downward trend of approximately -37.10%, despite intermittent fluctuations. Examining the last 90 days, WOOUSDT has witnessed substantial decline of approximately -57.55%, reflecting strong long-term confidence. Year-to-date, WOOUSDT has steadily declined by around -47.43%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
WOO Network Live Chart:
You can access a live price chart for WOO-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 0.56915.
- Momentum score is -0.28606.
WOO USDT Technical Analysis
WOO Network Trading Volume:
The trading volume for WOO Network (WOO) over the past 24 hours has been insignificant, with approximately 3,173,608.70 USDT traded against WOO. 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): WOO is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): WOO Network is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for WOO-USDT is currently in the low zone, around 37.22533. This suggests that WOO Network is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
WOO Network (WOO-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.
Navigate challenges in realm of WOO Network (WOOUSDT) at 2.08e-01 USDT with technical analysis pointing to bearish outlook and potential downturns.
Missing our detailed breakdown on WOO BTC WOO Network Technical Analysis would be a lost opportunity if you found value in this post.
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.