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- The VVS crypto price is witnessing price rejection at the most recent swing high.
- The VVS Finance price has declined by 1.75% in the last 24 hours.
VVS Finance, a “very-very-simple” DeFi platform on Cronos, aims to make crypto and DeFi accessible, offering low fees, fast transactions, and diverse features like swapping, farming, and mining. Despite recent price drops, it boasts a large community and continues to develop its ecosystem.
The max supply of the VVS Finance crypto is very high as compared to other cryptocurrencies, resulting in 100.0 Trillion. Additionally, the circulating supply of the crypto is 43.848 Trillion VVS which is 43.85% of the max supply.
The total supply of the VVS Finance is 85.421 trillion VVS and the market cap of the crypto is worth $148.879 Million. Moreover, the traded volume for the crypto has declined by 1.09% in the last 24 hours.
The market cap ranking of VVS Finance, as per the CoinMarketCap, is 277th and the volume/market cap ratio of the crypto is 0.71%. Additionally, the current market cap dominance in the global cryptocurrency market is 0.009%.
VVS Finance Blockchain Data Overview
The current token price of VVS Finance is $0.0001 and its fully diluted valuation is $288.64 Million. Additionally, the token liquidity is worth $99.22 Million and the annualized fees of the crypto is $6.05 Million,with a revenue of $2.02 Million.
VVS Crypto Technical Analysis
The VVS crypto price has been consistently forming lower low swings on the charts which led to a decline of more than 99% from its all-time high level.
Currently, the price of the VVS token is trying to recover from the lows and is witnessing some profit booking at a crucial supply zone. If the price of VVS Finance breaks above the last swing high, the price can further rise to higher levels.
VVS/USD Chart by TradingView
The price of the VVS crypto has declined below the Bollinger Band and the 50-day EMA. Moreover, EMAs such as the 50-day and the 200-day EMAs are forming a golden cross pattern on the charts.
If the price of the VVS Finance crypto sustains above the EMAs and rebounds above the 50-day EMA, the price can further continue to rise to higher levels.
The RSI on the daily charts has also declined below the 50-level and the 14-day SMA, indicating a strong presence of sellers in the shorter term.
Conclusion
VVS Finance is a DeFi platform on Cronos that offers low fees and fast transactions. It has a high max supply and a low market cap. VVS price is facing resistance at a supply zone and it is below the EMAs. Furthermore, the technical indicators are bearish at the moment. Thus, if the VVS crypto price fails to break above the EMAs and the previous swing, the price might decline to even lower levels.
Technical Levels
Support Levels: $0.000000990 and $0.000001900
Resistance levels:$0.000008570 and $0.000001308
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
