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Close Price Meaning

The close price is the last traded price of an asset within a defined time period-most commonly the last trade in a daily session (daily close), though it can also be defined for weekly, monthly, or even hourly candles. Close price matters because it’s a standardized reference point for:

Tracking performance over time (daily returns, weekly trends)
Technical analysis (candlestick charts, moving averages, momentum indicators)
Risk and volatility measurement (historical close-to-close volatility)
Portfolio valuation (marking positions at end-of-period pricing)

In many markets, the close price is treated as more meaningful than intraday spikes because it reflects where buyers and sellers “agreed” to end the session. That said, crypto markets trade 24/7, so “close” is defined by convention (e.g., UTC daily close used by exchanges and data providers).

This means different platforms may show slightly different close prices depending on methodology. Traders often compare consecutive closes to identify trends:

A series of higher closes may indicate sustained bullish momentum.
A series of lower closes may suggest prolonged bearish conditions.
Weekly closes are particularly watched because they smooth out noise and are commonly used as trend confirmation.

In short: the close price is the most widely used “final snapshot” of price action for a given period, serving as a baseline for analysis and decision-making.

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Important Disclaimer:

Finery Markets BVI Limited (“Finery Markets”) provides software, technology infrastructure, and related Information and Communication Technology (ICT) services on a Software-as-a-Service (“SaaS”) basis. Finery Markets acts solely as a software vendor and does not operate a trading platform, does not intermediate, match, execute, clear, or settle transactions, and does not engage in any activities that would require regulatory authorisation under applicable laws.

Finery Markets’ software is non-custodial and is provided exclusively to licensed institutional entities that act as independent operators of their own environments. All counterparties are solely responsible for establishing and maintaining their own bilateral trading and settlement relationships. Finery Markets is not a party to any such arrangements and assumes no responsibility for the conduct, verification, or compliance obligations of any users of the software.

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