- The Ben crypto price is not trading with any fiat currencies.
- BEN crypto’s volatility is extremely high at 25.57%.
Ben (BEN) is an Ethereum-based meme coin launched in May 2023 by ben.eth. Functioning as a DAO, it empowers coin holders in governance. BEN focuses on crypto education, advocacy, transparent media coverage, and regulatory representation. Despite support from figures like BitBoy Crypto, legal challenges have tarnished its reputation.
The market cap of the BEN crypto price has been flat over the last 24 hours, and its value is $2.43B. The market cap ranking of BEN is #3348.
The trading volume for the crypto has witnessed a decline of 68.55% in the last 24 hours, resulting in a traded value of $215.99M. Its volume/market cap ratio is 0.01%.
The self-reporting circulating supply of the crypto is 420.69T BEN, which is similar to its total and maximum supplies. It results in a fully diluted market cap of $2.08B.
The all-time high price ever recorded is $0.000005788 on March 07, 2024. Since then, Ben crypto‘s price has declined by 37.7%, and the all-time low price recorded is $0.00000188. Since then, the price has advanced by 276671521%.
The supply inflation of the crypto is -10.88%, which is very low. The market cap dominance of the crypto is 0.03%. The Ben cryptocurrency’s volatility is very high at 17.16%. The sentiment of the crypto is also bullish. As per Coin Codex, the fear and greed index indicates extreme greed at 83.
BEN Crypto Technical Analysis
The dynamic trendline in the daily time frame supports the price of the BEN crypto. A further decline might be possible if the crypto price breaks below the trendline.
BEN/USDT Chart by TradingView.com
The crypto price is trading below the 20-day and 50-day EMAs, followed by a bearish cross. It indicates weakness in the crypto price and shows that sellers are taking over the price.
The MACD indicator also gives a sell signal as the MACD and the signal line have declined below the zero level and are trading in a bearish cross. The RSI has also declined below the 50 level and has overlapped the 14-day SMA line, indicating uncertainty in price.
The following technical indicators indicate weakness in the trading price of the crypto while the price is taking support at a dynamic trendline.
Summary
The technical analysis suggests a bearish outlook for BEN crypto as it struggles below key moving averages, showing signs of seller dominance. MACD and RSI indicators confirm the downward momentum, with the price hovering near dynamic trendline support. A break below could signal further declines in the near term.
Technical Levels:
- Support levels: $0.000003770 and $0.000005020
- Resistance levels: $0.000007750 and $0.000009460
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.