In this WazirX technical analysis, we will examine the current price action, trading volume, key levels and indicators for WRX-USDT. WazirX (WRX) is a decentralized exchange built on Binance Smart Chain that offers users a secure and user-friendly platform for trading cryptocurrencies. With its innovative features such as auto-matching, WRX provides an efficient and seamless trading experience for both beginners and experienced traders. Additionally, WazirX (WRX) has a strong focus on community engagement and rewards users with its native token for participating in various activities within the platform.
WazirX Price Overview:
As of May 12, 2024, WazirX is trading at approximately 0.2064 USDT. Let’s dive into the detailed price action for WRX-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.2009 |
| High (H) | 0.2081 |
| Low (L) | 0.2002 |
| Close (C) | 0.2064 |
| Volume (C) | 2,873,385.70 |
- Open (O): The opening price for today’s trading session was approximately 0.2009 USDT.
- High (H): WazirX reached a daily high of around 0.2081 USDT.
- Low (L): The daily low for WRX-USDT was approximately 0.2002 USDT.
- Close (C): At the time of analysis, WazirX is trading near its daily close of 0.2064 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 2.69% |
| 3D Change (%) | -4.44% |
| 7D Change (%) | -9.79% |
| 30D Change (%) | -16.06% |
| 90D Change (%) | -7.98% |
| YTD Change (%) | -6.39% |
Over the past three days, WRXUSDT has dropped by approximately -4.44%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -9.79%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with WRXUSDT maintaining a downward trend of approximately -16.06%, despite intermittent fluctuations. Examining the last 90 days, WRXUSDT has witnessed substantial fall of approximately -7.98%, reflecting strong long-term confidence. Year-to-date, WRXUSDT has steadily declined by around -6.39%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
WazirX Live Chart:
You can access a live price chart for WRX-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 0.5259.
- Momentum score is -0.14816.
WRX USDT Technical Analysis
WazirX Trading Volume:
The trading volume for WazirX (WRX) over the past 24 hours has been insignificant, with approximately 2,873,385.70 USDT traded against WRX. 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): WRX is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): WazirX is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for WRX-USDT is currently in the low zone, around 42.96737. This suggests that WazirX is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
WazirX (WRX-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.
Unveil potential setbacks for WazirX (WRXUSDT) at 2.06e-01 USDT through technical analysis, showcasing bearish trends, weakened support, and cautionary indicators.
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.