X

BitTorrent Price Analysis: BTT Coin Drops 30% in 14 Days

  • The BitTorrent coin price is in a downtrend, around -4.0%, during the intraday trading session.
  • The 24-hour trading volume is at $467 million.
  • BTT/BTC pair is trading neutral by -0% at 0.00000008 BTC.

Daily technical chart and price trend of BitTorrent coin are showing a bearish trend. Based on the pivot level, the first support zone is 0.003105 USDT. From another perspective, if it rushes, the resistance level to watch is 0.003950 USDT. Thus, the graph made a pin bar candle pattern during the day, and the cost is relied upon to remain upside with unwavering medium force.

The Moving Average Exponential (EMA) Ribbon, comprising of different Ema’s, goes about as solid support in the coin price move. Investors might notice the cost slips below the green ribbon and 200-EMA, so it will guarantee a downswing in BTT until it’s below the ribbon.

Trading volume (4.916 B) is underneath the 20-day moving average (14.866 B). To put it plainly, the volume is low but increasing, making the cost remain at the support levels. Investors can likewise check that the volume bars on the graph are slanting, which demonstrates that exceptional instability is normal in the following trading days.

The MACD indicator gives (bearish) cross over the signal line on Sep 07, demonstrating a sell signal in the coin. Additionally, Investors can see red bars on the Histogram index.

BitTorrent Coin Price Needs Confirmation For a Pullback

BitTorrent value today is $0.00345944 with a 24-hour exchanging volume of $471,924,946. BTT cost is down – 3.4% as of now. It has a circling supply of 660 Billion BTT coins and an all-out supply of 990 Billion. The MACD points to a selling indication, and the traders have prompted low volume. In fact, the cost is around the support regions and proceeds in a downtrend. In like manner, with the general market perspective, the pattern stays bearish for coming trading days.

Resistance Level: $0.003950

Support Level: $0.003105

Categories: News
Nikhil Ingole: Mr, Nikhil Ingole is a Chief Editor at The Market periodical with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.