 coin was 70.3 and belonged to a BB tier. Also, the global security ranking of the token was #1937.){kind=link}
- An advance in the volume activity of the BSV coin was recorded.
- The sentiment of the Bitcoin SV coin was bullish, as per Neutral.
The Bitcoin SV coin price was highly volatile and resulted in a volatility of 8.5% and the market cap dominance of the coin was 0.04%.
The market cap of the Bitcoin SV coin rose 0.2% in the last 24 hours, resulting in a market cap value of $831.187 Million. Also, it was the 72nd largest cryptocurrency in the global crypto market.
The liquidity of the crypto was medium, with the volume/market cap ratio at 6.32%. The trading volume for the Bitcoin SV crypto rose by 92% in the last 24 hours, showing a surge in the coin’s trading activity.
The supply inflation of the token was 2.29% which was followed by a circulating supply of 19.71 Million BSV. Also, the maximum supply of the coin was 21.0 Million BSV followed by a fully diluted market cap of $830.133 Million.
The security score of the Bitcoin SV coin was 70.3 and belonged to a BB tier. Also, the global security ranking of the token was #1937 and the governance score was certainly low.
Bitcoin SV Token Derivatives Data Analysis
When writing, the derivatives trading volume for the Bitcoin SV coin had witnessed a 265% surge over the last 24 hours.
The liquidation chart of the BSV coin showed a decline in the liquidation activity of the coin over the last few days. Despite this, the open interest in crypto had advanced by 36% in the previous 24 hours.
The surge in open interest shows that the number of open positions in the coin was rising. Additionally, the long liquidation of the Bitcoin SV coin was worth $191.73K against which the shorts worth $21.08K were liquidated.
BSV Token Technical Analysis
BSV witnessed a consistent decline over the last five months followed by consistent profit booking.
BSV was trading in a strong downtrend which led to the formation of lower low swing on the daily chart.
BSV steadily declined 70% from the swing high of $126.18. Additionally, the coin’s price traded 91.3% below its all-time high price which showed the overall price trend as strongly negative.
The following behavior of BSV coin price led to the formation of a falling wedge pattern and the price traded inside the same.
Bitcoin SV Technical Indicator Analysis
BSV was trading below the 50-day and the 200-day EMAs on the daily chart. Additionally, the EMAs traded in a death cross for more than the last two months.
BSV/USD Chart by TradingView
The MACD and the signal line formed a death cross, both traded in a death cross, exhibiting a downtrend.
The RSI further took resistance at the 50-level and faced resistance from the 14-day SMA. This showed a decline in the price’s bullish momentum.
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.
