In this Radworks technical analysis, we will examine the current price action, trading volume, key levels and indicators for RAD-BTC. Radworks (RAD) is a decentralized platform that utilizes blockchain technology to provide a secure and transparent ecosystem for the development and deployment of decentralized applications (dApps). RAD’s novel consensus algorithm, called “Proof of Useful Work” (PoUW), incentivizes users to contribute value to the network by validating transactions and participating in dApps. This innovative approach enables Radworks to achieve high levels of security, scalability, and decentralization, making it an attractive option for developers and users alike.
Radworks Price Overview:
As of July 06, 2024, Radworks is trading at approximately 2e-05 BTC. Let’s dive into the detailed price action for RAD-BTC:
| Metric | Value |
|---|---|
| Open (O) | 2e-05 |
| High (H) | 2e-05 |
| Low (L) | 2e-05 |
| Close (C) | 2e-05 |
| Volume (C) | 64,230.50 |
- Open (O): The opening price for today’s trading session was approximately 2e-05 BTC.
- High (H): Radworks reached a daily high of around 2e-05 BTC.
- Low (L): The daily low for RAD-BTC was approximately 2e-05 BTC.
- Close (C): At the time of analysis, Radworks is trading near its daily close of 2e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 2.02% |
| 3D Change (%) | -5.42% |
| 7D Change (%) | -0.05% |
| 30D Change (%) | -20.90% |
| 90D Change (%) | -48.43% |
| YTD Change (%) | -55.79% |
Over the past three days, RADBTC has declined by approximately -5.42%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -0.05%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with RADBTC maintaining a downward trend of approximately -20.90%, despite intermittent fluctuations. Examining the last 90 days, RADBTC has witnessed substantial decrease of approximately -48.43%, reflecting strong long-term confidence. Year-to-date, RADBTC has steadily depreciated by around -55.79%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Radworks Live Chart:
You can access a live price chart for RAD-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 1.38335.
- Momentum score is -0.08412.
RAD BTC Technical Analysis
Radworks Trading Volume:
The trading volume for Radworks (RAD) over the past 24 hours has been insignificant, with approximately 64,230.50 BTC traded against RAD. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): RAD is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Radworks is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for RAD-BTC is currently in the low zone, around 43.55094. This suggests that Radworks is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Radworks (RAD-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Navigate the optimistic realm of Radworks (RADBTC) at 2.02e-05 BTC with technical analysis pointing to a bullish outlook and potential growth.
Discover even more by checking out our comprehensive analysis on RAD USDT Radworks Technical Analysis — a perfect follow-up if you enjoyed this post.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.