In this Waltonchain technical analysis, we will examine the current price action, trading volume, key levels and indicators for WTC-USDT. Waltonchain (WTC) is a blockchain-based ecosystem that enables the development of decentralized applications and smart contracts. With its unique multi-chain structure, WTC provides enhanced security and scalability for enterprise-level blockchain adoption. Additionally, Waltonchain’s proof-of-stake consensus algorithm ensures energy efficiency and low barriers to entry for users looking to participate in the network.
Waltonchain Price Overview:
As of June 18, 2024, Waltonchain is trading at approximately 0.0103 USDT. Let’s dive into the detailed price action for WTC-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.0251 |
| High (H) | 0.0265 |
| Low (L) | 0.01 |
| Close (C) | 0.0103 |
| Volume (C) | 40,419,050.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0251 USDT.
- High (H): Waltonchain reached a daily high of around 0.0265 USDT.
- Low (L): The daily low for WTC-USDT was approximately 0.01 USDT.
- Close (C): At the time of analysis, Waltonchain is trading near its daily close of 0.0103 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -58.80% |
| 3D Change (%) | -80.78% |
| 7D Change (%) | -86.41% |
| 30D Change (%) | -93.68% |
| 90D Change (%) | -93.25% |
| YTD Change (%) | -94.44% |
Over the past three days, WTCUSDT has decreased by approximately -80.78%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -86.41%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with WTCUSDT maintaining a downward trend of approximately -93.68%, despite intermittent fluctuations. Examining the last 90 days, WTCUSDT has witnessed substantial decline of approximately -93.25%, reflecting strong long-term confidence. Year-to-date, WTCUSDT has steadily depreciated by around -94.44%, 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-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 4.33886.
- Momentum score is -0.93677.
WTC USDT Technical Analysis
Waltonchain Trading Volume:
The trading volume for Waltonchain (WTC) over the past 24 hours has been insignificant, with approximately 40,419,050.00 USDT 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-USDT is currently in the extreme zone, around 26.89306. This suggests that Waltonchain is in oversold territory.
Analysis from TradingView:
Our Key Takeaways:
Waltonchain (WTC-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 extreme RSI and insignificant trading volume are extreme signals for potential reversal movement.
Anticipate potential setbacks for Waltonchain (WTCUSDT) at 1.03e-02 USDT through bearish technical analysis, emphasizing weakened support and cautionary indicators.
Missing our detailed breakdown on WTC BTC Waltonchain 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.