- Automata price is in a super bullish trend at 145.6% during the intraday trading session.
- The 24-hour trading volume is at $1,661 billion.
- ATA/BTC pair is trading positive by 148.1% at 0.00003203 BTC.
The daily technical chart of Automata displays a solid uptrend. According to the pivot levels, the primary support level is $0.77. On the other side, if it rushes up, the resistance level to follow is $2.20. Although the chart forms a bearish harami candlestick pattern within the day, it is predicted that the price may remain downwards with medium reliability.
The Zig-Zag framed a top of $4.50 on June 07 at the launch on Binance smart chain. After that, investors can notice a massive correction of 90%, all the way low to $0.33. Now price levels are back around the range of $1.40 this week.
The volume of (582.705M) is above the MA of 20-days (66.234M). As a result, the volume is too high, causing its price to break above the resistance zone. Investors may also mark that the volume bars on the chart are inclining, which intimates that notable volatility is expected in the upcoming trading session.
The MACD indicator gives (bullish) crossover above the signal line on Aug 25, indicating a buy signal in the coin. Moreover, Investors can see green bars in the Histogram index.
So, What is Automata Network & What’s Use of Their Token?
Automata’s price today is $1.51, and the 24-hour trading volume is $1,663,066,640. In the past 24 hours, the price of ATA has increased by 146.1%. Its circulating supply is 170 million ATA coins, and the total supply is unknown.
Automata Network is a decentralized service protocol that provides a privacy middleware layer for dApps on multiple blockchains. The protocol implements various use cases such as anonymous voting and movable miner value (MEV) minimization by leveraging the latest cryptography and privacy protection algorithms and Trusted Execution Environment (TEE).
Automata Network is a native utility token and has existing and planned use cases: Governance-ATA token holders can create and vote on proposals, platform functions and network parameters.
Perform transactions for users on the network. Agreement fee: The user pays the miner the fee for calculating and storing work tasks. Geode distribution: Users can bind ATA tokens to participate in Geode auctions.
What is Automata’s Miner Extraction Value (MEV) method?
Automata Network is developing the MEV minimization solution Conveyor, which aims to create an initial non-operational area when you organize transactions in a specific order. This makes it impossible for malicious actors to: (1) inject a new transaction into the Conveyor output due to a signature mismatch, or (2) delete an orderly transaction because the transaction is transmitted over the network.
Resistance Level: $2.20
Support Level: $0.77