MAPS / US Dollar Cryptocurrency Forecast
Volatile ride for MAPS / US Dollar cryptocurrency price on Thursday moving between $0.0199 and $0.0222
(Updated on Apr 25, 2024)
The MAPS / US Dollar cryptocurrency price fell by -9.44% on the last day (Thursday, 25th Apr 2024) from $0.0220 to $0.0199. During the last trading day the cryptocurrency fluctuated 11.40% from a day low at $0.0199 to a day high of $0.0222. The price has been going up and down for this period, and there has been a -11.37% loss for the last 2 weeks. Volume fell on the last day along with the cryptocurrency, which is actually a good sign as volume should follow the cryptocurrency. On the last day, the trading volume fell by -13 thousand shares and in total, 145 thousand shares were bought and sold for approximately $2.89 thousand.
The cryptocurrency lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0176 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the cryptocurrency is expected to rise 14.20% during the next 3 months and, with a 90% probability hold a price between $0.0201 and $0.0474 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
MAPSUSD Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The MAPS / US Dollar cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0215 and $0.0262. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 06, 2024, and so far it has fallen -48.26%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this cryptocurrency may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for MAPS / US Dollar cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0176 and $0.0173. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, MAPS / US Dollar finds support just below today's level at $0.0176. If this is broken, then the next support from accumulated volume will be at $0.0173 and $0.0164.
This cryptocurrency may move much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0023 between high and low, or 11.40%. For the last week the cryptocurrency has had daily average volatility of 4.21%.
MAPS / US Dollar is oversold on RSI14 (18). Some cryptocurrencies may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MAPSUSD) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect MAPS / US Dollar to open at $0.0207, and during the day (based on 14 day Average True Range), to move between $0.0183 and $0.0215, which gives a possible trading interval of +/-$0.0016 (+/-8.03%) up or down from last closing price. If MAPS / US Dollar takes out the full calculated possible swing range there will be an estimated 16.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0214 (7.49%) than the support at $0.0176 (11.76%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is MAPS / US Dollar cryptocurrency A Buy?
The MAPS / US Dollar cryptocurrency holds several negative signals and despite the positive trend, we believe MAPS / US Dollar will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency.
Current score: -3.710 Sell Candidate Unchanged
Predicted Opening Price for MAPS / US Dollar of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $0.0207 ( 3.75%) | $0.0199 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MAPSUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0229 | 15.15 % | |
| R2 | 0.0221 | 10.79 % | ||
| R1 | 0.0215 | 8.11 % | ||
| Current price: | 0.0199 | |||
| Support | S1 | 0.0198 | -0.598 % | |
| S2 | 0.0193 | -3.29 % | ||
| S3 | 0.0184 | -7.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0245 | 22.79 % | |
| R2 | 0.0230 | 15.59 % | ||
| R1 | 0.0214 | 7.49 % | ||
| Current price | 0.0199 | |||
| Support | S1 | 0.0176 | -11.76% | |
| S2 | 0.0173 | -13.43% | ||
| S3 | 0.0164 | -17.45% |
FAQ
Click here for our free guide on how to buy MAPS / US Dollar Cryptocurrency.
