In this Radworks technical analysis, we will examine the current price action, trading volume, key levels and indicators for RAD-USDT. Radworks (RAD) is a cryptocurrency that focuses on providing a decentralized platform for the development and deployment of decentralized applications (dApps). Radworks aims to provide a scalable and secure platform for dApp developers, allowing them to build and deploy their applications without the need for intermediaries. By leveraging blockchain technology and smart contracts, Radworks seeks to create a more open and transparent ecosystem for dApp development and deployment.
Radworks Price Overview:
As of October 02, 2023, Radworks is trading at approximately 1.345 USDT. Let’s dive into the detailed price action for RAD-USDT:
| Metric | Value |
|---|---|
| Open (O) | 1.392 |
| High (H) | 1.402 |
| Low (L) | 1.329 |
| Close (C) | 1.345 |
| Volume (C) | 1,053,803.90 |
- Open (O): The opening price for today’s trading session was approximately 1.392 USDT.
- High (H): Radworks reached a daily high of around 1.402 USDT.
- Low (L): The daily low for RAD-USDT was approximately 1.329 USDT.
- Close (C): At the time of analysis, Radworks is trading near its daily close of 1.345 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -3.31% |
| 3D Change (%) | 0.15% |
| 7D Change (%) | 1.28% |
| 30D Change (%) | 0.45% |
| 90D Change (%) | -20.98% |
| YTD Change (%) | -11.69% |
Over the past three days, RADUSDT has increased by approximately 0.15%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 1.28%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with RADUSDT maintaining an upward trend of approximately 0.45%, despite intermittent fluctuations. Examining the last 90 days, RADUSDT has witnessed substantial fall of approximately -20.98%, reflecting strong long-term confidence. Year-to-date, RADUSDT has steadily depreciated by around -11.69%, 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-USDT 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 0.372.
- Momentum score is 0.00448.
RAD USDT Technical Analysis
Radworks Trading Volume:
The trading volume for Radworks (RAD) over the past 24 hours has been significant, with approximately 1,053,803.90 USDT 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-USDT is currently in the neutral zone, around 46.51344. This suggests that Radworks is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Radworks (RAD-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and significant trading volume are neutral signals for potential sideways movement.
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.
