Soonaverse USD Cryptocurrency Forecast
Big movements in Soonaverse USD cryptocurrency price on Monday moving 10.09% between high and low
(Updated on May 06, 2024)
The Soonaverse USD cryptocurrency price fell by -1.78% on the last day (Monday, 6th May 2024) from $0.0092 to $0.0090. It has now fallen 3 days in a row. During the last trading day the cryptocurrency fluctuated 10.09% from a day low at $0.0089 to a day high of $0.0098. The price has fallen in 6 of the last 10 days and is down by -6.68% for this period. Volume has increased on the last day by 55 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 291 thousand shares were bought and sold for approximately $2.63 thousand.
The cryptocurrencyhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.0077, a level that may pose a second chance to hit a runner. According to fan-theory $0.0595 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 6.51%. Further rise is indicated until a new top pivot has been found. 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 Soonaverse USD 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 $0.0093 and $0.0118. A break-up above any of these levels will issue buy signals. Soonaverse USD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". 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 $0.0089 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 a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0009 between high and low, or 10.09%. For the last week, the cryptocurrency has had daily average volatility of 9.47%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SOONUSD) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Soonaverse USD to open at $0.0093, and during the day (based on 14 day Average True Range), to move between $0.0076 and $0.0105, which gives a possible trading interval of +/-$0.0015 (+/-16.31%) up or down from last closing price. If Soonaverse USD takes out the full calculated possible swing range there will be an estimated 32.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0089 (0.94%) than the resistance at $0.0104 (15.68%), 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 negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this cryptocurrency.
Current score: -4.053 Sell Candidate Unchanged
Predicted Opening Price for Soonaverse USD of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $0.0093 ( 2.52%) | $0.0090 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0102 | 12.49 % | |
| R2 | 0.0098 | 8.68 % | ||
| R1 | 0.0096 | 6.33 % | ||
| Current price: | 0.0090 | |||
| Support | S1 | 0.0089 | -1.29 % | |
| S2 | 0.0087 | -3.64 % | ||
| S3 | 0.0084 | -7.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0108 | 19.31 % | |
| R2 | 0.0105 | 16.78 % | ||
| R1 | 0.0104 | 15.68 % | ||
| Current price | 0.0090 | |||
| Support | S1 | 0.0089 | -0.94% | |
| S2 | 0.0085 | -6.11% | ||
| S3 | 0 | . |
FAQ
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