- The VVS crypto price trades at $0.0000040, above the key bullish point of interest (POI).
- Technical indicators summary reflects a bearish signal in the current trading phase.
- The trading volume of VVS has reached over $2.02 million in the last 24 hours.
Launched in 2021, VVS Finance (VVS) stands for “very very simple” and is an automated market maker (AMM) DEX. The protocol claims to be the first AMM on the Cronos blockchain with a mission of bringing cryptocurrency and blockchain technology to the mainstream. It makes decentralized finance (DeFi) easy to use and offers low fees and high transaction speeds with products such as Bling Swap, Crystal Farms, Glitter Mine, etc.
VVS Supply Changes, Valuation, & Market Cap April 2024
The total diluted valuation of VVS Finance is estimated at around $401.45 million. The cryptocurrency is committed to the deflationary digital assets model. The maximum supply of tokens is locked at 100 trillion, of which 45.16% are in circulation. This hardly stands above 45.16 trillion VVS tokens.
The current market capitalization stands at $181.51 million, ranking under the top 300 most dominant cryptocurrencies. The trading volume of VVS tokens has experienced a massive rise of 251.72%, ranking 772nd among the 9,836 active cryptocurrencies. The volume-to-market cap ratio (VMR) is at 1.12%, reflecting decent liquidity.
Price to Volume and Social Domination Analysis
In mid-Jan 2024, the VVS crypto social tweets had a noticeable rise on social media platforms. Afterward, the crypto price started a positive journey, reflecting the importance of social buzz, particularly for this cryptocurrency. In current sessions, crypto is experiencing a social upsurge in tweets, covering 0.086%% of the crypto world’s dominance. This can have a positive impact on the price based on previous activities.
Technical Analysis of the VVS Finance (VVS/USD)
The bullish outlook lies above the key exponential moving averages, reflecting an uptrend. However, the current VVS price slipped between the 50-day and 200-day EMAs, indicating short-term uncertainty.
Starting from the $0.0000079 resistance level, the VVS crypto price has a successful bullish correction period. The price is retesting the $0.0000039 bullish point of interest (POI). In the current sessions, the price is getting proper bullish rejections from that POI. If the price closes above the $0.0000051 level, an upsurge to the $0.0000062 can be seen.
Furthermore, the relative strength index (RSI) is showing bearish momentum in the current phase. The multiple crossovers between the RSI and the signal line indicate uncertainty in momentum. The RSI is moving at 37.17 below the signal line.
Summary
The VVS crypto price has shown strong bullish approaches from the cruisers after February 27, 2024. At present, the price is retesting the $0.0000039 bullish POI. Regarding the market technicals, an upsurge to the $0.0000062 level can be seen if the price closes above the $0.0000051 level.
Technical Levels
- Resistance Levels: $0.0000058 and $0.0000079
- Support Levels: $0.0000035 and $0.0000027
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.