In this Waltonchain technical analysis, we will examine the current price action, trading volume, key levels and indicators for WTC-BTC. Sure, here are three sentences about Waltonchain (WTC) cryptocurrency: Waltonchain (WTC) is a blockchain-based platform that focuses on providing a secure and decentralized ecosystem for supply chain management. With its unique features such as smart contracts and real-time tracking, Waltonchain aims to revolutionize the way businesses manage their supply chains. By leveraging blockchain technology, Waltonchain seeks to increase transparency, accountability, and efficiency in the supply chain industry.
Waltonchain Price Overview:
As of October 03, 2023, Waltonchain is trading at approximately 1e-05 BTC. Let’s dive into the detailed price action for WTC-BTC:
| Metric | Value |
|---|---|
| Open (O) | 1e-05 |
| High (H) | 1e-05 |
| Low (L) | 1e-05 |
| Close (C) | 1e-05 |
| Volume (C) | 1,689,411.00 |
- Open (O): The opening price for today’s trading session was approximately 1e-05 BTC.
- High (H): Waltonchain reached a daily high of around 1e-05 BTC.
- Low (L): The daily low for WTC-BTC was approximately 1e-05 BTC.
- Close (C): At the time of analysis, Waltonchain is trading near its daily close of 1e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 9.05% |
| 3D Change (%) | 9.59% |
| 7D Change (%) | 7.80% |
| 30D Change (%) | 15.91% |
| 90D Change (%) | 16.73% |
| YTD Change (%) | -40.70% |
Over the past three days, WTCBTC has increased by approximately 9.59%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 7.80%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with WTCBTC maintaining an upward trend of approximately 15.91%, despite intermittent fluctuations. Examining the last 90 days, WTCBTC has witnessed substantial rise of approximately 16.73%, reflecting strong long-term confidence. Year-to-date, WTCBTC has steadily decreased by around -40.70%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Waltonchain Live Chart:
You can access a live price chart for WTC-BTC 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 0.63794.
- Momentum score is 0.15909.
WTC BTC Technical Analysis
Waltonchain Trading Volume:
The trading volume for Waltonchain (WTC) over the past 24 hours has been significant, with approximately 1,689,411.00 BTC traded against WTC. 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): WTC is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Waltonchain is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for WTC-BTC is currently in the high zone, around 58.01261. This suggests that Waltonchain is in bullish territory.
Analysis from TradingView:
Our Key Takeaways:
Waltonchain (WTC-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the high RSI and significant trading volume are high signals for potential upward 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.
