- The price of the CyberConnect crypto is highly volatile.
- Less than 21% of the total supply of the Cyber crypto is in circulation.
CyberConnect (CYBER) is linked to the CyberConnect platform, a web3 social network enabling developers to create social apps using ERC-4337/Account Abstraction.
CYBER is primarily used for consensus and security on the network, employing proof-of-stake mechanisms. It was launched in November 2021 by Wilson Wei, Ryan Li, Shiyu Zhang, and Zhimao Liu under Cybertino Inc.
The value of the CyberConnect crypto-traded volume has declined by 18.5% in the last 24 hours. This further results in a traded value of $17.623M, which is 9.84% of the crypto market cap.
The current volatility of the crypto is 20.51%, and the market cap dominance of the crypto is 0.01%. Furthermore, the fear and greed index of the crypto is at 70, which indicates extreme greed among investors.
CyberConnect crypto’s market cap has witnessed a slight increase of 0.35% in the last 24 hours, while the crypto price has declined by 38.7% in the previous 1 month. The crypto market cap ranking is #304, as per CoinMarketCap.
The circulating supply of crypto is 20.601M CYBER, which is just 20.6% of the maximum supply. Moreover, the total and maximum supply of the crypto is the same, resulting in 100.0M CYBER. This further results in a fully diluted market cap of $876.525M.
CyberConnect Crypto Derivatives Analysis
The long liquidation for the CyberConnect crypto is lower than the short liquidation over the last 24 hours. This further has resulted in a long liquidation of $2.11K; the short liquidation for the crypto is $3.09K.
Also, the long/short ratio of crypto is 0.9881, and the volume of derivatives traded for crypto has declined by 34% in the last 24 hours. This further results in a traded value of $13.82M.
CYBER Crypto Technical Analysis
The CYBER crypto price followed a rising wedge pattern, but the price has failed to sustain the higher levels and has recently broken down below the pattern. That further shows the dominance of sellers in the market.
The price of the CYBER crypto has witnessed intense selling pressure in the last few days, and this has resulted in a decline of 40% in the price from the most recent swing high.
CYBER/USD Chart by TradingView
The price of the CYBER crypto is taking support at the 200-day EMA but has declined below the 20 and the 50-day EMA. The crypto price further shows sellers’ dominance and a downtrend in the crypto price.
The MACD indicator also supports a downtrend as the MACD and the signal line have declined below the zero level and are trading in a bearish cross.
The RSI has declined to the oversold zones and is currently trading at 37.6 on the daily chart. It is currently following a bearish cycle and showing declining crypto price momentum.
Summary
The CyberConnect crypto’s price broke below an expanding wedge pattern, indicating a bearish trend. With high volatility and declining trading volume, the crypto’s market cap slightly increased, but its price dropped significantly in the last month. Technical analysis suggests sellers’ dominance, supported by MACD and RSI indicators signaling a downtrend.
Technical Levels:
- Support levels: $4.050 and $6.730
- Resistance levels: $10.180 and $15.290
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.