- Alaya coin volume declined by 25% in the last 24 hours as per CoinMarketCap.
- ATP fell over 52% in the last three months, showing a huge decline in price.
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The volume of the ATP coin is $32,652, the volume of the coin has declined over 25% as of 18 November 2023. The declining volume reveals that the seller is dominating the price.
The price of the ATP is currently trading at $0.014, which declined by 1.8% in today’s market session.
The technical indicators summary recommends a sell signal to the ATP coin. Out of the 26 indicators, 15 recommend a sell signal. This signifies that the coin is facing a bearish pressure.
Alaya (ATP) Technical Analysis
The ATP coin is demonstrating a descending trend over the weekly period, marked by the formation of a pattern with lower lows. Over the past three months, the price has experienced a decrease of more than -52%, and in a year, it has fell over 65%. This substantial decline suggests a weak performance in returns.
The price declined by over 97% after hitting the swing high of $0.31. The price is currently moving in a falling wedge pattern. The overall structure of the coin is bearish. If the price breaks below the support level of $0.012, a further downtrend can be seen.
Technical Indicators Outlook About Alaya
The MACD line in ATP is positioned below the signal line, indicating a negative crossover in the price. Additionally, the emergence of a red histogram reinforces an unfavorable signal.
The RSI line is currently positioned at 33.03. and the SMA line is near 33.8. Both the lines are in a negative zone, indicating a presence of weakness in the coin.
Conclusion
As per the analysis, the price of the Alaya coin is moving downwards and moving in a falling wedge pattern. Additionally, the price has shown a decline of over 65% in the previous year and the volume of the coin is declining revealing the dominance of the sellers in the market. The indicators are negative and the price is moving downwards. Hence, the price is expected to decline in the upcoming days.
Technical Levels
- Support Levels: $0.012 and $0.009
- Resistance Levels: $0.026 and $0.4
Disclaimer
The views and opinions of the author, or anyone named in this article, are for informational purposes only. They do not offer financial, investment, or other advice. Investing or trading crypto assets involves the risk of financial loss.