Standard Protocol Technical Analysis: Price Upsurge by 33.33%
Table of contents
Key Technical Points
STND Past Performance
In the last 24 hrs, STND has traded as low as $0.05223 and as high as $0.05223. The trading volume is $2,723,016 and the total market capitalization is $7,021,697. Initially, STND was trading in a downtrend but after some hours, there was a sudden upsurge of 33.33% in the price. The market is currently in an uptrend and it seems that the buyers are in control.
Source: Trading view
Standard Protocol Technical Analysis
STND technical analysis reveals that the current price is $0.07022. The market is in an uptrend as the price has surged by 33.33%. The buyers are currently in control of the market and it seems that the uptrend will continue in the near future. The moving averages are also indicating a bullish trend as they are sloping upwards. The Bollinger bands are squeezing which indicates that a breakout is imminent. The next few days will be crucial for STND as the market decides its next course of action.
If the price breaks out above the upper Bollinger band, it will signal further upside potential. On the other hand, if the price breaks below the lower Bollinger band, it will signal downside potential. The Relative Strength Index (RSI) is currently at 54.85 which indicates that the market is neither overbought nor oversold. The MACD is also indicating a bullish trend as the MACD line is above the signal line, and the MACD bars are short and green in color.
To sum up, Standard Protocol technical analysis indicates that the market is currently in an uptrend and it is expected to continue in the near future. The buyers are currently in control of the market and the next few days will be crucial for STND. Thus, it can be concluded that the market is currently in an uptrend and it is expected to continue this uptrend in the near future.
Standard Protocol Upcoming Trend
STND is expected to continue its uptrend in the near future as the buyers are currently in control of the market. The moving averages are also indicating a bullish trend as they are sloping upwards. The Bollinger bands are squeezing which indicates that a breakout is imminent. The next few days will be crucial for STND as the market decides its next course of action.