BTT surges over 16% amid Tron’s milestone
BitTorrent Token Performance: BitTorrent's BTT token has surged by 16% in the last 24 hours and nearly 14% over the past week, currently trading at $0.00000091 with a market cap of $889 million, making it the 78th largest cryptocurrency.
Market Influences: The price increase is linked to Tron’s achievement of generating ten times more fees than Bitcoin in August, which has fostered bullish sentiment around BTT, as noted by Tron founder Justin Sun.
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Technical Analysis for BTT
Technical Sentiment Analysis for BitTorrent [New] (BTT) As of , BitTorrent [New] (BTT) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
BitTorrent [New] (BTT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000000212 | 0.000000256 | 0.0000003 | 0.000000345 | 0.000000389 | 0.000000433 | 0.000000477 |
| Fibonacci | 0.000000256 | 0.00000029 | 0.000000311 | 0.000000345 | 0.000000379 | 0.000000399 | 0.000000433 |
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