- Volt Inu Price is trading at $0.000000649 while observing a decline of 1.15% during the intraday trading session.
- Current market capitalization of Volt Inu is at $35.12 million.
- Oscillators and moving averages reflect a neutral perspective in the current phase.
Volt Inu ($VOLT) is a highly deflationary ERC-20 token on the Ethereum Blockchain. $VOLT aims to generate a passive income that will be beneficial for all stakers through NFTs fractionalization. It will be distributed to the top holders of Volt Inu tokens. The continuous revenue generation will be funneled back in $VOLT through the acquisition of nodes.
Volt Inu Price Gave 193.91% Return in the Last Six Months
On December 12, 2023, the VOLT token price experienced massive entries of Bulls at the $0.000000284 decisional point of interest (POI). The price rallied 168% from that level to the $0.000000764 significant supply zone, indicating a potential reversal.
As the profits booking started from that significant supply zone, the price had a bullish correction. This lasted till the $0.000000320 decisional bullish POI. On January 25, 2024, the price started a massive rally, which gave over 200% return to the $0.000000975 resistance level.
The fully diluted valuation of the Volt Inu is set to be at $43.92 million, with a maximum supply of 69.00 trillion VOLTs. This makes this cryptocurrency a true deflationary model. VOLT has released 79.37% of tokens from the maximum supply, which holds the current market capitalization of $34.96 million.
Price to Volume and Social Dominance
Volt Inu’s social buzz started in early February 2024, and as a consequence of that, the volume and price also gained momentum. However, the social dominance started declining after mid-February, but the price and volume remained stable.
The social dominance is at 0.011%in the entire cryptocurrency social network. 24-hour trading volume has increased by 0.43%, which ranked 422nd among all the 9,240 active cryptocurrencies.
Technical Analysis of the Volt Inu Price
The 50-day and the 200-day exponential moving averages have become dynamic supports for the VOLT price. In January 2024, the price retraced on both the EMAs and surged over 170%. Currently, the price is retracing the 50-day EMA.
Volt Inu price has given a breakout from the $0.000000764 resistance level on March 4, 2024. The price surged 28% up from the breakout level and fell to the $0.000000576 decisional POI. If the price breaks above $0.000000764, it may rise above the $0.000000975 resistance. For the bearish look, the price should close below $0.000000443 support.
The relative strength index (RSI) reflected an internal bearish divergence in the price momentum. This indicates the price is experiencing more selling pressure in the current phase. The RSI is sloping at 48.01 below the 50-mark neutral band.
Summary
Volt Inu price took a vast bullish step in October 2023 from the $0.000000215 support level, a starting point for a potential bullish reversal. Afterward, the price has been trading in multiple higher-high swings. Currently, the price is making a bullish correction and can drop and surge at the current level. If the price breaks above $0.000000764, it may rise above the $0.000000975 resistance. For the bearish look, the price should close below $0.000000443 support.
Technical Levels
- Resistance Levels: $0.000000764 and $0.000000975
- Support Levels: $0.000000576 and $0.000000443
Disclaimer
The views and opinions stated by the author or any people named in this article are for informational purposes only. They do not establish financial, investment, or any other advice. Investing in or trading crypto or stock comes with a risk of financial loss.