In this Venus technical analysis, we will examine the current price action, trading volume, key levels and indicators for XVS-BTC. Venus (XVS) is a decentralized finance (DeFi) platform that utilizes blockchain technology to provide users with a wide range of financial services. With its native cryptocurrency, XVS, users can access various DeFi applications such as lending, borrowing, and trading on the Venus platform. By leveraging smart contracts and decentralized governance, Venus aims to create a more open and inclusive financial system for all users.
Venus Price Overview:
As of May 04, 2024, Venus is trading at approximately 0.00016 BTC. Let’s dive into the detailed price action for XVS-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.00016 |
| High (H) | 0.00016 |
| Low (L) | 0.00015 |
| Close (C) | 0.00016 |
| Volume (C) | 2,017.90 |
- Open (O): The opening price for today’s trading session was approximately 0.00016 BTC.
- High (H): Venus reached a daily high of around 0.00016 BTC.
- Low (L): The daily low for XVS-BTC was approximately 0.00015 BTC.
- Close (C): At the time of analysis, Venus is trading near its daily close of 0.00016 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 2.01% |
| 3D Change (%) | 2.94% |
| 7D Change (%) | -2.36% |
| 30D Change (%) | -29.59% |
| 90D Change (%) | -36.92% |
| YTD Change (%) | -42.83% |
Over the past three days, XVSBTC has increased by approximately 2.94%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -2.36%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with XVSBTC maintaining a downward trend of approximately -29.59%, despite intermittent fluctuations. Examining the last 90 days, XVSBTC has witnessed substantial decline of approximately -36.92%, reflecting strong long-term confidence. Year-to-date, XVSBTC has steadily dropped by around -42.83%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Venus Live Chart:
You can access a live price chart for XVS-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 0.30554.
- Momentum score is 0.05705.
XVS BTC Technical Analysis
Venus Trading Volume:
The trading volume for Venus (XVS) over the past 24 hours has been insignificant, with approximately 2,017.90 BTC traded against XVS. 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): XVS is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Venus is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for XVS-BTC is currently in the low zone, around 40.90222. This suggests that Venus is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Venus (XVS-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.
Navigate Venus’s (XVSBTC) potential downturns at 1.58e-04 BTC with bearish technical analysis, emphasizing weakened support and cautionary indicators.
Take the next step in your exploration by delving into our detailed insights on XVS USDT Venus Technical Analysis; it’s a natural follow-up if you enjoyed 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.