Sportcash One USD (SCONEXUSD) Price Holds Steady Despite Low Activity
SCONEXUSD, the currency of Sportcash One, stands at $0.0001697 with no price fluctuation today. Despite subdued activity with a volume of just 30, the broader picture reveals intriguing elements about its technicals and market positioning. Let’s delve deeper into the current SCONEXUSD scenario.
Price Analysis and Market Activity
SCONEXUSD is currently priced at $0.0001697, unchanged for the day. This stability comes amid a day-high and day-low of the same value. The market cap remains at $2,156, indicating minor market engagement. Today’s volume is 30, starkly lower than the average daily volume of 46, reflecting limited trading action.
Technical Outlook: A Closer Look
The technical indicators for SCONEXUSD are quiet. The Relative Strength Index (RSI) sits flat at 0.00, indicating no momentum. The Moving Average Convergence Divergence (MACD) mirrors this stillness, with values registering at 0.00. The Average True Range (ATR) is similarly at 0.00, highlighting reduced volatility at present. Moreover, the Market Forecast projects no significant price movement in upcoming months, with forecasts remaining idle.
Historical Performance and Trends
When examining historical performance, SCONEXUSD reflects a significant decline with a 6-month drop of 57.77% and a year-to-date loss of 82.69%. Over the past year, the currency has lost nearly 88.95% of its value. Despite short-term stability, this long-term downtrend prompts caution among observers who are monitoring macroeconomic shifts and crypto market regulations that could impact forecasts.
Understanding the Broader Context
This cryptocurrency reflects an overall downturn in sentiment, as suggested by Meyka AI’s insights. The lack of earnings announcements and other indicators reaffirms a quiet period. Forecasts suggest stagnation, but potential shifts in the global economic environment or regulatory changes could alter this outlook.
Final Thoughts
SCONEXUSD remains stable but subdued in both price and activity. Its technical indicators and historical performance suggest ongoing caution. While Meyka AI insights indicate little movement currently, future shifts could change its trajectory. As always, keeping an eye on broader economic and regulatory influences is crucial.
FAQs
The current price of SCONEXUSD is $0.0001697 with no change today, according to latest data insights from Meyka AI’s platform. For detailed updates visit the SCONEXUSD page.
No, there have been no recent changes in SCONEXUSD’s price, with the current and previous close both standing at $0.0001697 as of the latest data available.
SCONEXUSD’s technical indicators, such as the RSI and MACD, are showing little to no momentum with all set at 0.00, suggesting a period of quiet market activity.
Over the past year, SCONEXUSD has seen a significant decline of 88.95%. Despite current stability, its long-term performance remains in a downtrend trajectory.
Future movements of SCONEXUSD could be influenced by changes in macroeconomic conditions, regulatory environments, or any unforeseen global events that impact cryptocurrency markets.
Disclaimer:
Cryptocurrency markets are highly volatile. This content is for informational purposes only. The Forecast Prediction Model is provided for informational purposes only and should not be considered financial advice. Meyka AI PTY LTD provides market data and sentiment analysis, not financial advice. Always do your own research and consider consulting a licensed financial advisor before making investment decisions.
