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 July 06, 2024, Venus is trading at approximately 0.0001 BTC. Let’s dive into the detailed price action for XVS-BTC:
| Metric | Value |
|---|---|
| Open (O) | 9e-05 |
| High (H) | 0.00011 |
| Low (L) | 9e-05 |
| Close (C) | 0.0001 |
| Volume (C) | 6,843.36 |
- Open (O): The opening price for today’s trading session was approximately 9e-05 BTC.
- High (H): Venus reached a daily high of around 0.00011 BTC.
- Low (L): The daily low for XVS-BTC was approximately 9e-05 BTC.
- Close (C): At the time of analysis, Venus is trading near its daily close of 0.0001 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 6.67% |
| 3D Change (%) | 0.00% |
| 7D Change (%) | 3.12% |
| 30D Change (%) | -39.90% |
| 90D Change (%) | -56.89% |
| YTD Change (%) | -64.03% |
Over the past three days, XVSBTC has fallen by approximately 0.00%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 3.12%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with XVSBTC maintaining a downward trend of approximately -39.90%, despite intermittent fluctuations. Examining the last 90 days, XVSBTC has witnessed substantial decline of approximately -56.89%, reflecting strong long-term confidence. Year-to-date, XVSBTC has steadily depreciated by around -64.03%, 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 0.66761.
- Momentum score is -0.17002.
XVS BTC Technical Analysis
Venus Trading Volume:
The trading volume for Venus (XVS) over the past 24 hours has been insignificant, with approximately 6,843.36 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 37.30319. 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 the optimistic realm of Venus (XVSBTC) at 9.91e-05 BTC with technical analysis pointing to a bullish outlook and potential growth.
For a deeper dive into the subject, don’t miss our comprehensive analysis on XVS USDT Venus Technical Analysis if you found this post intriguing.
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.