1MillionNFTs USD (1MILUSD) Holds Steady Amidst Low Volatility
The cryptocurrency world is buzzing with the static security of 1MillionNFTs USD (1MILUSD), which has retained a steady price of $0.0219. This stable position comes amid very low trading activity, highlighting its current stagnancy in terms of volatility and market interest.
Current Price and Market Status
1MillionNFTs USD (1MILUSD) is maintaining its price at $0.0219, unchanged with a 0.0% variance over the past 24 hours. The day saw a low and high of $0.0219, affirming its price stability. Currently, 1MILUSD has a market cap of $2,627, and its total trading volume stands at a minimal 91 against an average of 482. With a relative volume of 0.19, the coin is experiencing significantly reduced trading activity.
Technical Indicators and Analysis
Analyzing the technical indicators, 1MILUSD shows a strong trend according to the ADX score of 50. However, the RSI is at 0.00, indicating an oversold condition, which could mean a potential for a price adjustment. The ATR reads 0.01, suggesting very low volatility. The price currently rests below the 50-day and 200-day moving averages, which are $0.02699919 and $0.035058, respectively.
Long-Term Performance and Forecasts
Reflecting on its historical performance, 1MILUSD has seen a 43.12% decrease year-to-date, with a significant long-term drop of 99.75% over ten years. Despite the bleak historical data, Meyka AI identifies a potential for a rebound given the oversold conditions, but forecasts remain at $0.0 in terms of movement pattern, indicating expected ongoing dormancy unless external factors shift market dynamics. Forecasts can change due to macroeconomic shifts, regulations, or unexpected events affecting the crypto market.
Volume and Sentiment Overview
Volume plays a critical role in crypto trading, and 1MILUSD’s current standing at 91, compared to an average of 482, signals limited trading interest. This stagnancy is mirrored in sentiment, where the limited market activity reflects niche engagement among investors. The Market Facilitation Index stands steady, with no significant push towards either buying or selling, manifesting the current hold position in investor sentiment.
Final Thoughts
Currently, 1MILUSD sits in a stable yet inactive market phase, with a low trading interest aiding in its price consistency. However, technical indicators suggest potential for movement if market interests reignite. Continuous updates and AI-powered analysis from platforms like Meyka AI may empower investors with timely insights as the market unfolds.
FAQs
As of the latest data, 1MILUSD is priced at $0.0219, with no change in percentage over the past day. You can track live updates on platforms like Meyka AI.
1MILUSD exhibits no significant movement due to low trading volume and stagnant market interest, reflected in its recent trading volume of just 91 against an average of 482.
Technical indicators show that 1MILUSD is at an oversold condition, with an RSI of 0.00, despite a strong trend implied by an ADX of 50. Forecasts suggest possible upward potential if conditions change.
Currently, 1MILUSD is trading below both its 50-day and 200-day moving averages priced at $0.02699919 and $0.035058, respectively, indicating a bearish short-term outlook.
Potential changes could stem from macroeconomic shifts, new regulations, or any unexpected events impacting the broader crypto market, as noted in the trends observed by Meyka AI.
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.
