In this Nano technical analysis, we will examine the current price action, trading volume, key levels and indicators for XNO-BTC. Nano (XNO) is a decentralized cryptocurrency that utilizes blockchain technology to facilitate fast and secure transactions. With Nano, users can transfer funds instantly without the need for intermediaries or high fees. The platform’s unique architecture allows for lightning-fast transaction processing times, making it an attractive option for those looking for a faster and more efficient cryptocurrency experience.
Nano Price Overview:
As of October 02, 2023, Nano is trading at approximately 2e-05 BTC. Let’s dive into the detailed price action for XNO-BTC:
| Metric | Value |
|---|---|
| Open (O) | 2e-05 |
| High (H) | 2e-05 |
| Low (L) | 2e-05 |
| Close (C) | 2e-05 |
| Volume (C) | 43,189.89 |
- Open (O): The opening price for today’s trading session was approximately 2e-05 BTC.
- High (H): Nano reached a daily high of around 2e-05 BTC.
- Low (L): The daily low for XNO-BTC was approximately 2e-05 BTC.
- Close (C): At the time of analysis, Nano is trading near its daily close of 2e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.88% |
| 3D Change (%) | -3.14% |
| 7D Change (%) | -3.39% |
| 30D Change (%) | -5.62% |
| 90D Change (%) | -4.86% |
| YTD Change (%) | -41.45% |
Over the past three days, XNOBTC has dropped by approximately -3.14%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -3.39%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with XNOBTC maintaining a downward trend of approximately -5.62%, despite intermittent fluctuations. Examining the last 90 days, XNOBTC has witnessed substantial drop of approximately -4.86%, reflecting strong long-term confidence. Year-to-date, XNOBTC has steadily decreased by around -41.45%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Nano Live Chart:
You can access a live price chart for XNO-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 0.2377.
- Momentum score is -0.05621.
XNO BTC Technical Analysis
Nano Trading Volume:
The trading volume for Nano (XNO) over the past 24 hours has been insignificant, with approximately 43,189.89 BTC traded against XNO. 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): XNO is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Nano is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for XNO-BTC is currently in the neutral zone, around 46.34056. This suggests that Nano is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Nano (XNO-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 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.
