SKYRIMUSD Holds Steady Amid Low Volume: What Does This Mean?
Despite a stagnant price at $0.00002191 and zero change in percentage, Skyrim Finance USD (SKYRIMUSD) presents a peculiar case in the crypto market. With extremely low trading volume and a market cap of just $444, traders are left wondering about the future trajectory of this digital asset.
Flatlining Price and Volume
As of today, SKYRIMUSD is priced at $0.00002191, unchanged in the last 24 hours. The trading volume sits at a mere 25 against an average of 10,257. This minimal activity reflects low investor interest, which could indicate a potential setup for future volatility. A market cap of $444 highlights its small size in the cryptocurrency world.
Technical Indicators Signal Stillness
Technical indicators for SKYRIMUSD are equally lackluster. The RSI is at 0.00, and MACD components also mark zero, showing no current momentum. The average directional index (ADX) echoes this stillness at 0.00, suggesting no existing trend strength. Meanwhile, volume indicators like OBV and MFI rest at zero and 50.00, respectively, painting a picture of current market inactivity.
Historical Performance Reflects Sharp Declines
Over the past year, SKYRIMUSD has witnessed a staggering 93.704% drop, descending further from its year high of $0.000536 to the current lows. Historically, it has declined by 99.99351% over five years, underscoring a persistent downtrend. Without new catalysts or shifts, these figures convey cautious sentiment among observers.
Forecasting the Path Ahead
With future forecasts estimated at $0.00 for the year, three, and five-year markers, SKYRIMUSD’s outlook is stable yet unpromising. Forecasts can change due to macroeconomic shifts, regulations, or unexpected events affecting the crypto market. Meyka AI, with its advanced data insights, confirms that market conditions remain unpredictable, stressing the importance of staying informed.
Final Thoughts
SKYRIMUSD stands as a unique case in the cryptocurrency arena. Despite no immediate signs of price movement or volume surges, understanding the technical indicators and historical performance can provide insights into potential future actions. As always, stay tuned to platforms like Meyka AI for real-time updates and analyses.
FAQs
The current price of SKYRIMUSD is $0.00002191, with no change in the past 24 hours according to Meyka AI.
The low trading volume of 25 compared to an average of 10,257 could indicate reduced investor interest or market inactivity around SKYRIMUSD at this time.
Technical indicators such as RSI and MACD showing zero indicate no current momentum or trend strength for SKYRIMUSD, pointing to market stillness at the moment.
Over the past year, SKYRIMUSD has experienced a significant decrease of 93.704%, with the price now much lower than in previous highs, reflecting ongoing challenges.
Future forecasts for SKYRIMUSD are estimated at $0.00 for the year, suggesting that no significant change is expected unless external factors like regulations or market shifts intervene.
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.
