The Volt Inu crypto asset was optimized by 4.52% in market value and 7.32% in trading volume in the last 24 hours, per the CoinMarketCap platform (a crypto data analysis website). Its market value is $23,207,886, and its trading volume is $648,499. There are 54,766,287,142,827 VOLT tokens in circulation.
The Volt Inu crypto showed optimization in price around October 2023, as the price significantly rose from $0.0000002150 to $0.0000007000 and got dumped right away. That revealed a major buyer rejection from the supply zone and sellers’ dominance, which led the asset to plummet in a downward wedge.
Since then, the VOLT token demonstrated a decline as the price sank from a vital supply level, sellers dominated buyers, formed continuous B-o-S streaks below, and later formed a support at $0.0000003200.
However, the Volt Inu crypto has revealed a sign of a speedy recovery as the price rallied from a crucial support level of around $0.0000003200 on the chart. The price action has built a solid bullish pattern known as flagpole.
The VOLT crypto is almost set for a colossal surge as it gears up to crack the resistance level and rocket toward the supply zone from the current support level.
The price action in the VOLT asset displays bullishness and rising potential as it forces its way above the 20-day and 50-day EMA bands. Based on the buyers’ surge, the price leg could stretch upward more.
The technical oscillators in the Volt Inu crypto asset display bullish characteristics, as MACD shows a solid bullish crossover with a broad histogram width. Besides, the MACD line is at 0.0000000149, the signal line is at 0.0000000061, and the histogram is at 0.0000000088.
The RSI is running smoothly and taking support from the 14-SMA smoothened line, implying that the VOLT price is gaining momentum and can achieve new heights.
Per overall analysis, the Volt Inu asset is expressing bullish behavior and shows it has the opportunity to rise further. Furthermore, its previous price structure shows it has performed well in the last week, month, and three months by 22.97%, 13.78%, and 39.91%, respectively. That implies a stable upward direction of the price trend.
At press time, the crypto has experienced a rise of 3.06% in the last 24 hours, and the CMP is trading at $0.0000004240.
So, if the demand for the Volt Inu price remains high, the asset price could continue to rise from the current level. The next goal for the price is to reach $0.0000007000, and the in-between hurdle would be $0.0000005000.
On the flip side, if the VOLT crypto price fails to stay above the $0.0000003200 level, it could decline further.
Summary
The VOLT price highlights bullish sentiments and perspectives regarding the crypto asset in the daily time frame. The Volt Inu price action highlights a bullish view at the time of publishing, as it recently attempted to break out upward from the pivotal support level.
Moreover, the technical parameters of the Volt Inu price suggest the continuation of the uptrend, reliant on the buyer’s surge, over the daily time frame chart. Trustworthy indicators like MACD, RSI, and EMA suggest bullish gestures regarding the VOLT price.
Technical Levels
Support Levels: $0.0000003200
Resistance Levels: $0.0000005000
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.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
Source: https://www.thecoinrepublic.com/2024/02/15/will-volt-crypto-price-complete-a-breakout-in-flag-n-pole/