Soonaverse USD Cryptocurrency Forecast
Soonaverse USD cryptocurrency price ended at $0.0062 on Tuesday, after losing 0.96%.
(Updated on Jul 02, 2024)
The Soonaverse USD cryptocurrency price fell by -0.96% on the last day (Tuesday, 2nd Jul 2024) from $0.0063 to $0.0062. During the last trading day the cryptocurrency fluctuated 9.58% from a day low at $0.0058 to a day high of $0.0063. The price has been going up and down for this period, and there has been a 93.36% gain 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 -72 thousand shares and in total, 581 thousand shares were bought and sold for approximately $3.63 thousand.
The cryptocurrency lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0069 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the cryptocurrency is expected to fall -60.57% during the next 3 months and, with a 90% probability hold a price between $0.0001 and $0.0027 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SOONUSD Signals & Forecast
The Soonaverse USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0062 and $0.0048. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Sunday, June 30, 2024, and so far it has fallen -12.41%. 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 Soonaverse USD cryptocurrency
Soonaverse USD finds support from accumulated volume at $0.0062 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency may move very much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0006 between high and low, or 9.58%. For the last week the cryptocurrency has had daily average volatility of 15.46%.
Our recommended stop-loss: $0.0059 (-5.01%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (SOONUSD) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Soonaverse USD to open at $0.0061, and during the day (based on 14 day Average True Range), to move between $0.0053 and $0.0072, which gives a possible trading interval of +/-$0.0009 (+/-15.05%) up or down from last closing price. If Soonaverse USD takes out the full calculated possible swing range there will be an estimated 30.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0062 (0.67%) than the resistance at $0.0063 (0.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Soonaverse USD cryptocurrency A Buy?
Soonaverse USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.212 Hold/Accumulate Unchanged
Predicted Opening Price for Soonaverse USD of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.0061 ( 2.21%) | $0.0062 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SOONUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0067 | 6.63% |
| R2 | 0.0065 | 3.25% |
| R1 | 0.0063 | 1.17% |
| Price | 0.0062 | |
| S1 | 0.0059 | -5.59% |
| S2 | 0.0058 | -7.67% |
| S3 | 0.0056 | -11.05% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0071 | 14.17% |
| R2 | 0.0069 | 11.17% |
| R1 | 0.0063 | 0.97% |
| Price | 0.0062 | |
| S1 | 0.0062 | -0.672% |
| S2 | 0.0059 | -5.27% |
| S3 | 0.0048 | -23.61% |
FAQ
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