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 platform that utilizes a novel consensus algorithm called “Byzantine Fault Tolerance” (BFT) to enable secure and efficient transactions. This decentralized platform allows for the creation of smart contracts and decentralized applications (dApps), which can be used in various industries such as supply chain management, logistics, and healthcare. Waltonchain’s BFT consensus algorithm provides a high level of security and stability, making it an attractive option for businesses looking to adopt blockchain technology.
Waltonchain Price Overview:
As of October 02, 2023, Waltonchain is trading at approximately 0.1676 USDT. Let’s dive into the detailed price action for WTC-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.1694 |
| High (H) | 0.1719 |
| Low (L) | 0.1663 |
| Close (C) | 0.1676 |
| Volume (C) | 3,775,225.00 |
- Open (O): The opening price for today’s trading session was approximately 0.1694 USDT.
- High (H): Waltonchain reached a daily high of around 0.1719 USDT.
- Low (L): The daily low for WTC-USDT was approximately 0.1663 USDT.
- Close (C): At the time of analysis, Waltonchain is trading near its daily close of 0.1676 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.06% |
| 3D Change (%) | 2.63% |
| 7D Change (%) | 4.75% |
| 30D Change (%) | 15.99% |
| 90D Change (%) | -13.61% |
| YTD Change (%) | -9.45% |
Over the past three days, WTCUSDT has increased by approximately 2.63%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 4.75%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with WTCUSDT maintaining an upward trend of approximately 15.99%, despite intermittent fluctuations. Examining the last 90 days, WTCUSDT has witnessed substantial decrease of approximately -13.61%, reflecting strong long-term confidence. Year-to-date, WTCUSDT has steadily decreased by around -9.45%, 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 0.62145.
- Momentum score is 0.15986.
WTC USDT Technical Analysis
Waltonchain Trading Volume:
The trading volume for Waltonchain (WTC) over the past 24 hours has been insignificant, with approximately 3,775,225.00 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Waltonchain is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for WTC-USDT is currently in the neutral zone, around 53.9105. This suggests that Waltonchain is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Waltonchain (WTC-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 insignificant 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.
