What’s Behind Sportcash One USD’s Static Price? A Closer Look at SCONEXUSD
Sportcash One USD (SCONEXUSD) is holding steady at $0.0001697388, showing no change for the day. In this article, we’ll delve into the reasons behind this stability and explore the technical indicators providing insights into its market behavior.
Current Price Analysis
As of the latest update, SCONEXUSD is priced at exactly $0.0001697388, with no movement in its percentage change. The cryptocurrency’s daily low and high are both fixed at this price level, indicating a pause in trading activity. Its market cap stands at a modest $2,156 with a volume of 30, compared to an average volume of 46, suggesting limited trading interest today.
Technical Indicators Overview
SCONEXUSD’s technical indicators paint a picture of its current market status. The Relative Strength Index (RSI) is at 0, typically indicating an oversold condition, although other factors like volume must be considered. The Moving Average Convergence Divergence (MACD) also shows minimal activity with both the MACD line and signal at zero. Meanwhile, the Average Directional Index (ADX) is at zero, suggesting a lack of trend strength. With the On-Balance Volume (OBV) also at zero, momentum appears subdued.
Long-Term Performance
Looking at the longer-term performance, SCONEXUSD has declined sharply by 88.95% over the past year and 99.71% in the past five years. These figures reflect a significant downtrend, which is underscored by the year-to-date drop of 82.70%. Analysts on platforms like Meyka AI suggest that forecasts remain neutral, with price predictions staying at zero over various timelines such as one, three, and five years. These forecasts can change due to macroeconomic shifts, regulations, or unexpected events affecting the crypto market.
Volume and Volatility Analysis
Examining volume indicators, SCONEXUSD’s current relative volume is 0.65, significantly below the expected average, reinforcing the quiet market conditions. Volatility indicators, such as the Average True Range (ATR), are at 0, indicating little price fluctuation. Furthermore, with the Money Flow Index (MFI) at 50, neither high buying nor selling pressure is evident. These metrics highlight a crypto asset that is currently in a phase of limited activity and investor engagement.
Final Thoughts
While SCONEXUSD remains unchanged in price today, the broader market data suggests a period of consolidation. Though technical indicators highlight a lack of significant movement or trend, the long-term decline raises questions about its future trajectory. Meyka AI continues to monitor these aspects, offering insights into potential shifts in the market.
FAQs
SCONEXUSD is currently priced at $0.0001697388, with no percentage change noted for the day as of the latest update. Both the daily low and high are fixed at this price.
The indicators such as RSI and MACD suggest minimal market activity. The RSI indicates an oversold condition, but other metrics like zero ADX reflect a lack of trend strength.
SCONEXUSD has experienced significant declines, with a one-year drop of 88.95% and a five-year decrease of 99.71%. These figures suggest a protracted period of bearish activity.
Current forecasts from analysts suggest a neutral outlook with price predictions remaining at zero. These can change due to macroeconomic shifts or new market conditions.
The current volume is significantly below average, with a relative volume of 0.65, pointing to limited trading activity and engagement from investors.
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.
