Stability in Skyrim Finance USD Despite Market Turbulence
Skyrim Finance USD (SKYRIMUSD) hasn’t budged a bit, holding stead at $0.00002191 despite a market swirling with volatility. Let’s dive into the details of this crypto’s current state and what technical indicators are telling us.
Current Price Standstill
SKYRIMUSD’s price is at $0.00002191, reflecting no change today. This stagnation persists even as the larger crypto market experiences fluctuations. The volume has dropped significantly to 25, a mere fraction of its average, which is usually around 10,257. This low trading activity might explain the price stability, indicating limited interest or movement among traders at this time.
Technical Indicators Reveal Oversold Conditions
SKYRIMUSD shows an RSI (Relative Strength Index) of 0.00, suggesting an extremely oversold condition. Typically, an RSI below 30 indicates an oversold market, and trading at 0.00 is rare, pointing to potentially undervalued status. However, other indicators like MACD and ADX are also at 0.00, indicating no clear momentum or trend strength. The MFI (Money Flow Index) stands at 50.00, displaying neutrality.
Historical Price Context
Looking at the broader picture, SKYRIMUSD’s price has plummeted over time. It’s down by 93.70% over the last year, from a high of $0.000536 to its current mark. This historic low highlights the dramatic depreciation trend. The Market Cap is now a mere 444, with 20,300,000 shares outstanding, further underscoring the asset’s shrinkage.
Future Prospects and Market Sentiment
Currently, there are no optimistic forecasts for SKYRIMUSD, with yearly and multi-year projections holding at 0.00. The lack of growth outlook combined with current market dynamics suggests caution. Forecasts can change due to macroeconomic shifts, regulations, or unexpected events affecting the crypto market. As analysts watch, platforms like Meyka AI offer ongoing insights and real-time data, crucial for tracking any sudden market movements.
Final Thoughts
While SKYRIMUSD remains stable at this juncture, its technical indicators highlight a concerning picture of being oversold and stagnated. With no movement in forecasts and low market activity, potential investors should remain watchful of changes in the market landscape.
FAQs
The current price is $0.00002191 with no change in percentage today, indicating stability in the asset’s value currently despite low market volume. For more details, check out our SKYRIMUSD page.
Indicators like RSI, MACD, and ADX at zero suggest oversold conditions without trend direction. It points to potential undervaluation but also reflects market inactivity.
No, SKYRIMUSD has shown no significant price movement recently, remaining stagnant at $0.00002191, which might be a result of very low trading volume.
Currently, there are no positive forecast projections for SKYRIMUSD, with future values predicted to remain stagnant. These may shift due to broader market or economic changes.
Despite a drastic decline of over 93% in the past year, SKYRIMUSD’s current stable price might seem attractive, but prospective growth remains uncertain.
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.
