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- 1 The VOLT Inu price is trading at $0.0000006390, up by 1.27% in the last 24 hours, and technical indicators like the MACD and RSI suggest a potential for further growth.
- 2 The price vs. volume chart describes an increase in volume along with the VOLT price rise.
The Volt Inu chart presents the correlation between the volume and price. According to the Santiment chart, before February 2024, the asset volume and price were relatively low and were in a sideways market, indicating a lack of interest and activity. The volume mostly remained under the $1.0 to 5.0 Million range during that period.
However, in the last week of February 2024, volume and price continued to spike upward abruptly, indicating increased demand and excitement about VOLT crypto price among its users. The trading volume exceeded $9.0 million, and the price rose drastically on the daily chart.
However, around March 10th, 2024, the price reached a supply zone, and it retreated some points due to a strong hurdle with volume decline on the chart. After that, the price built support at $0.0000005800 and showed a sustenance sign with volume increasing after a dip.
The price vs volume chart describes an increase in volume along with the VOLT price rise, suggesting the probability of the continuation of the ongoing trend.
Volt Inu Social Dominance
Similarly, the social dominance, including Twitter VOLT news, Twitter followers, and social volume (including active users of Telegram and Twitter), metrics confirm that Volt Inu is popular.
The increasing number of tweets mentioning Volt Inu highlights its growth and shows that it has been among the trending tokens recently.
Moreover, social media acts as a major direct source to flourish in the limelight of crypto projects, and Volt appears to be increasing gradually in its social dominance, volume, and followers.
Volt Inu Price Analysis Over Daily Timeframe
The price performance of Volt inu highlights a good performance on the chart in a month and quarter by 43.32% and 62.51%, respectively. But, this week’s performance was not good as it deteriorated with a 7.77% fall in price and dropped to form a support at $0.0000005800. The Volt Inu asset is showing bullish traits and is experiencing a surge of 1.27% in the last 24 hours, currently trading at $0.0000006390, which indicates that it can achieve more growth in the coming session.
The recent price structure of Volt Inu crypto has displayed a sign of revival as the price bounced back from a critical level of around $0.0000005800 on the chart.
The VOLT asset shows bullish strength and rising potential as it stays above major 50-day EMA’s and is on its way to cutting the 20-day EMA from below. In the same way, the Volt Inu asset is in a strong uptrend as MACD is above the zero line at 0.0000000021, and the RSI shows a u-turn in its curve, suggesting that the VOLT asset has more room to grow as it is approaching 14-SMA to cut from below, these conditions signify bullishness.
Therefore, if the Volt Inu asset price demand rises, it could bounce back from the current level. The next target for the price is to reach $0.0000007000 and $0.0000008000.
However, if the Volt crypto price fails to stay above the $0.0000005800 level, it could decline further, and breaking this support will lead to lower depths.
Summary
The Volt Inu has shown a notable correlation between trading volume and price. Initially, both were low, indicating little market activity. However, in late February 2024, a sharp increase in both volume and price suggested heightened interest. Despite a subsequent retreat in price after hitting a supply zone in early March, VOLT found support at $0.0000005800 and has since shown signs of a bullish trend.
Currently, VOLT is trading at $0.0000006390, up 1.27% in the last 24 hours, and technical indicators like the MACD and RSI suggest a potential for further growth. If the positive momentum continues, VOLT could target higher prices of $0.0000007000 and $0.0000008000.
Conversely, a drop below the support level could lead to further declines. The overall sentiment appears cautiously optimistic, with a watchful eye on the critical support level for future price direction.
Technical Levels
Support Levels: $0.0000005800
Resistance Levels: $0.0000007000
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
