- Volt Inu’s price has dropped by 46% in a month.
- Volt Inu crypto price has been struggling between the 20-day and 200-day EMA.
Volt Inu price has been in a bullish trend since February and reached a multi-day high in the first week of March and showed a growth of approximately 200%. The bullish trend was disturbed near the $0.000000900 hurdle and declined by 46% in a month. The Volt Inu coin price has slipped below the 20-day EMA and favors the negative forecast.
According to the technical chart, the Volt Inu crypto price has witnessed strong selling pressure and heading toward the 200-day exponential moving average. On a wider time frame, the Volt Inu crypto price has been in a bearish trend but in the short term, bulls and bears clash is going on.
Volt Inu Crypto Volume vs Price Analysis
According to the graph of price and volume, the trading volume has surged by approximately 500% since February and the Volt Inu price has also performed positively. Since the beginning of March, the trading volume has kept pump and dump but it has affected the price negatively.
Volt Inu Crypto Social Dominance and Social Volume Analysis
Based on the graph, the awareness of Volt Inu crypto on social media has decreased for the last few weeks which has left a negative impact on the price. Suppose the social dominance and social volume increase then the price may gain bullish momentum.
Volt Inu Price Technical Analysis Over Daily Timeframe
On a daily time frame, the Volt Inu price has reacted negatively in the short term. Currently, the VOLT coin price is struggling between the 20-day and 200-day exponential moving average.
Suppose the Volt Inu price slips below the 200-day EMA and sustains then investors may lose interest and sellers may dominate. If the price starts trading below the support level of $0.000000300 then it may be difficult for the buyers to lift the price.
On the other hand, if the VOLT price bounces back and surpasses the 20-day EMA, it may trigger a pullback. If the Volt Inu coin price triggers a pullback, buyers may show interest in a dip and pump the price to the last swing high.
Turning to the technical indicators, the Volt Inu crypto price has dropped below the 20-day EMA showcasing the bearish momentum. RSI is at 38 which has dropped from the overbought zone and heading toward the oversold zone.
Volt Inu Price Prediction on 4-H Timeframe
Volt Inu price is treading at $0.000000539 which has dropped by 1.13% in the last 24 hours. The market capitalization is $29.48 million and the 24-hour trading volume is $5.11% which has decreased by 50%.
In a 4-H time frame, the VOLT price formed a descending triangle pattern and triggered a breakout. If the price sustains below the $0.000000550 level, buyers may prefer to book profit and sellers may eye for the $0.000000450 mark.
Alternatively, if the Volt Inu crypto price bounces back and enters the $0.000000650 hurdle buyers may show interest. According to the analysts, the buying signal may generate below the $0.000000700 hurdle.
Conclusion
Volt Inu price has been in a bearish trend for a wider time frame but buyers and sellers are fighting in the short term. The VOLT coin price has been struggling between the 20-day and 200-day exponential moving average indicating the selling pressure. According to the analysts, the buying signals may generate over the $0.000000700 mark, and selling signals may generate below the $0.000000500 level.
Technical Levels
Resistance: $0.000000650 & $0.000000900
Support: $0.000000550 & $0.000000430
Disclaimer
This article is for informational purposes only and provides no 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.