ESRCUSD Price Stalls at $0.0137: What’s the Technical Outlook for ESR Coin USD?
Today, the price of ESR Coin USD (ESRCUSD) remains static at $0.01376175 with no change in percentage despite trading volumes being slightly higher than average. Let’s explore the data to understand what’s going on.
Price Stability Amid Low Volatility
The price of ESRCUSD holds steady at $0.01376175, showing no percentage change from its previous close. This lack of movement is reflected in the current day’s trading range, which remained narrow between the low and high of $0.01376175. Despite the stagnant price, trading volume of 103, compared to an average of 70, suggests increased interest although without noticeable impact on price.
Technical Indicators Signal Awaited Momentum
According to the technical indicators, ESRCUSD’s RSI stands at 0.00, indicating a neutral position. The MACD is also at 0.00, with an unchanged signal and histogram, further suggesting a lack of momentum. These indicators imply the market is in a wait-and-see mode, with no clear direction. The RVI is at 50.00, reinforcing the neutral sentiment currently hovering over ESRCUSD.
Long-term Performance and Forecasts
Looking at the long-term performance, ESRCUSD has experienced a 158.58% increase over the past year, despite a year-to-date decline of 46.03%. This mixed performance reflects a broader market trend of volatility. Price forecasts remain at $0 for the year, indicating uncertainty in future movements. Forecasts can change due to macroeconomic shifts, regulations, or unexpected events affecting the crypto market.
Volumes and Market Sentiment
The On-Balance Volume (OBV) and Money Flow Index (MFI) both sit at 0.00 and 50.00, respectively. This suggests a balanced flow of capital in and out of ESRCUSD, neither heavily bought nor sold. With zero change in OBV, market sentiment seems cautious. The low volatility, indicated by the ATR at 0.00, echoes this environment of stability without significant enthusiasm or panic.
Final Thoughts
In summary, ESRCUSD remains at a standstill today with little to no price movement. Technical indicators and volume data suggest a neutral sentiment, and while past performance shows significant yearly growth, the future remains unclear. As Meyka AI tools provide, keeping an eye on broader market conditions could offer insights into potential future shifts.
FAQs
ESRCUSD’s price remains unchanged due to stable trading volumes and low market volatility, reflected by technical indicators showing neutral positions.
Key technical indicators like RSI and MACD both signal neutrality, with no clear momentum to drive price changes at this moment for ESRCUSD. The RVI at 50.00 supports this neutral positioning.
Despite a 46.03% decline year-to-date, ESRCUSD saw a significant 158.58% increase over the past year, showcasing market volatility and potential for long-term gains.
Changes in ESRCUSD’s price could be driven by macroeconomic shifts, new regulations, or unexpected market events that influence the broader crypto environment.
As of now, price forecasts for ESRCUSD are non-existent or null, reflecting uncertainty in potential future movements. Staying informed on market conditions is crucial.
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.
