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 lightweight and fast cryptocurrency that utilizes a novel blockchain architecture to facilitate rapid transactions. With its innovative design, Nano enables users to send and receive funds in real-time, without the need for lengthy confirmation times or excessive fees. Additionally, Nano’s decentralized governance model ensures that the network remains secure and resilient, allowing for a truly democratic and transparent financial system.
Nano Price Overview:
As of June 14, 2024, 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) | 12,641.65 |
- 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 (%) | 0.12% |
| 3D Change (%) | 0.19% |
| 7D Change (%) | -7.35% |
| 30D Change (%) | -10.60% |
| 90D Change (%) | -32.23% |
| YTD Change (%) | -37.57% |
Over the past three days, XNOBTC has increased by approximately 0.19%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -7.35%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with XNOBTC maintaining a downward trend of approximately -10.60%, despite intermittent fluctuations. Examining the last 90 days, XNOBTC has witnessed substantial decline of approximately -32.23%, reflecting strong long-term confidence. Year-to-date, XNOBTC has steadily dropped by around -37.57%, 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 0.46635.
- Momentum score is -0.10252.
XNO BTC Technical Analysis
Nano Trading Volume:
The trading volume for Nano (XNO) over the past 24 hours has been insignificant, with approximately 12,641.65 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 low zone, around 40.40591. This suggests that Nano is in bearish 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 low RSI and insignificant trading volume are low signals for potential downward movement.
Assess Nano’s (XNOBTC) risks at 1.60e-05 BTC with bearish technical analysis, highlighting weakened support and cautionary indicators.
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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.