In this Radiant Capital technical analysis, we will examine the current price action, trading volume, key levels and indicators for RDNT-BTC. Radiant Capital (RDNT) is a decentralized finance (DeFi) token that focuses on providing liquidity to the digital asset market. RDNT utilizes a novel algorithm to optimize liquidity provision and maximize returns for its users. With its innovative approach, Radiant Capital aims to revolutionize the DeFi space and provide a more efficient and profitable experience for traders and investors alike.
Radiant Capital Price Overview:
As of December 05, 2023, Radiant Capital is trading at approximately 1e-05 BTC. Let’s dive into the detailed price action for RDNT-BTC:
| Metric | Value |
|---|---|
| Open (O) | 1e-05 |
| High (H) | 1e-05 |
| Low (L) | 1e-05 |
| Close (C) | 1e-05 |
| Volume (C) | 400,151.00 |
- Open (O): The opening price for today’s trading session was approximately 1e-05 BTC.
- High (H): Radiant Capital reached a daily high of around 1e-05 BTC.
- Low (L): The daily low for RDNT-BTC was approximately 1e-05 BTC.
- Close (C): At the time of analysis, Radiant Capital is trading near its daily close of 1e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -2.45% |
| 3D Change (%) | -4.79% |
| 7D Change (%) | 1.27% |
| 30D Change (%) | -17.30% |
| 90D Change (%) | -27.06% |
| YTD Change (%) | -34.30% |
Over the past three days, RDNTBTC has declined by approximately -4.79%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 1.27%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with RDNTBTC maintaining a downward trend of approximately -17.30%, despite intermittent fluctuations. Examining the last 90 days, RDNTBTC has witnessed substantial decline of approximately -27.06%, reflecting strong long-term confidence. Year-to-date, RDNTBTC has steadily declined by around -34.30%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Radiant Capital Live Chart:
You can access a live price chart for RDNT-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 0.45.
- Momentum score is -0.17295.
RDNT BTC Technical Analysis
Radiant Capital Trading Volume:
The trading volume for Radiant Capital (RDNT) over the past 24 hours has been insignificant, with approximately 400,151.00 BTC traded against RDNT. 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): RDNT is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Radiant Capital is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for RDNT-BTC is currently in the low zone, around 41.01993. This suggests that Radiant Capital is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Radiant Capital (RDNT-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.
Consider bearish sentiment for Radiant Capital (RDNTBTC) at 6.36e-06 BTC with technical analysis, highlighting weakened support and cautionary indicators.
Take the next step in your exploration by delving into our detailed insights on RDNT USDT Radiant Capital Technical Analysis; it’s a natural 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.