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- 1 The recent dip in Volt Inu price has led to a high volume of loss and a ratio below 1, indicating most holders are now in a negative position.
- 2 Bears have taken over the price battle, resulting in lower lows and highs on the daily chart.
Daily on-chain transaction volume in profit of VOLT, loss, and the ratio are metrics that measure the amount and proportion of Volt Inu assets that are moved on the blockchain and that are either in profit or in loss, contingent on their acquisition cost.
The daily on-chain transaction volume in profit to loss ratio for Volt Inu is 0.117<1, Daily On-chain transaction volume in profit (VOLT) is – 134.24 Million, and Daily On-chain transaction volume in loss (VOLT) is – 1.14 Billion.
These metrics highlight the following aspects of the Volt Inu crypto:
Since the volume in loss is high and the ratio is below 1 due to the recent dip observed in the Volt Inu price, it means that most holders might be in a negative position due to the recent dip in the Volt Inu price.
In the same way, it also exhibits the trend and momentum of Volt Inu price, that the volume in loss is advancing, and the ratio is falling. It illustrates that Volt crypto is facing a correction scenario and is gradually losing momentum as more holders become unprofitable.
Low Number Of Active Addresses Holding VOLT
Active addresses refer to unique addresses of Volt Inu users who participate in one or more transactions within a given timeframe. The number of distinct addresses that participated in a transfer for VOLT in the past 7-day window is 27 transactions, and the 30-day window is 182 transactions.
Volt Inu Price Analysis Over Daily Chart
Volt Inu price has been involved in a fierce battle since the beginning of the price structure, with bulls initially dominating but bears coming in on March 11th, 2024, resulting in bulls losing momentum and bears taking over to establish lower lows and highs on the daily chart.
The Volt Inu price remains below major resistance levels from the 20-day and 50-day EMA bands and is tracking a downward trendline on the daily asset chart. Meanwhile, RSI is at 40.50, declining below the median line, and MACD is below the zero line which has formed a bearish cross.
At the time of writing, the Volt Inu price has faced an increase of +0.15% since yesterday and was at $0.00000052 at press time.
If the Volt Inu price asset drops below the $0.0000004850 threshold support, it may continue to fall and reach lower points in the coming sessions.
Conversely, should there be a surge in demand for the Volt Inu price asset, it may rebound significantly from its present price level. The next target for the price may be to hit $0.0000006500, and beyond this price level, it could stretch up to $0.0000007500.
Summary
The recent dip in Volt Inu price has led to a high volume of loss and a ratio below 1, indicating most holders are now in a negative position.
This trend reflects a loss of momentum and a correction scenario for Volt crypto, with active addresses declining over time. The number of distinct addresses participating in Volt transfers has decreased, suggesting a lower demand and value for the asset. Bears have taken over the price battle, resulting in lower lows and highs on the daily chart.
Currently trading at $0.00000052, a drop below $0.0000004850 could lead to further decreases, while an increase in demand could push the price towards targets of $0.0000006500 and $0.0000007500.
Technical Levels
Support Levels: $0.0000004850
Resistance Levels: $0.0000006500
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.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
