In this Reef technical analysis, we will examine the current price action, trading volume, key levels and indicators for REEF-USDT. Sure, here are three sentences about Reef (REEF) cryptocurrency: Reef is a decentralized platform that enables the creation of next-generation financial instruments, such as synthetic assets and decentralized exchanges. By leveraging blockchain technology and smart contracts, Reef provides a secure and transparent environment for users to trade and invest in a wide range of assets. With its innovative approach to financial markets, Reef is poised to revolutionize the way we think about investing and trading.
Reef Price Overview:
As of October 03, 2023, Reef is trading at approximately 0.00136 USDT. Let’s dive into the detailed price action for REEF-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.00139 |
| High (H) | 0.00139 |
| Low (L) | 0.00134 |
| Close (C) | 0.00136 |
| Volume (C) | 1,701,961,953.00 |
- Open (O): The opening price for today’s trading session was approximately 0.00139 USDT.
- High (H): Reef reached a daily high of around 0.00139 USDT.
- Low (L): The daily low for REEF-USDT was approximately 0.00134 USDT.
- Close (C): At the time of analysis, Reef is trading near its daily close of 0.00136 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -2.02% |
| 3D Change (%) | -2.37% |
| 7D Change (%) | 5.10% |
| 30D Change (%) | 4.70% |
| 90D Change (%) | -23.89% |
| YTD Change (%) | -39.69% |
Over the past three days, REEFUSDT has fallen by approximately -2.37%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 5.10%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with REEFUSDT maintaining an upward trend of approximately 4.70%, despite intermittent fluctuations. Examining the last 90 days, REEFUSDT has witnessed substantial decline of approximately -23.89%, reflecting strong long-term confidence. Year-to-date, REEFUSDT has steadily declined by around -39.69%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Reef Live Chart:
You can access a live price chart for REEF-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 0.52464.
- Momentum score is 0.04696.
REEF USDT Technical Analysis
Reef Trading Volume:
The trading volume for Reef (REEF) over the past 24 hours has been insignificant, with approximately 1,701,961,953.00 USDT traded against REEF. 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): REEF is currently trading above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Reef is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for REEF-USDT is currently in the neutral zone, around 47.66253. This suggests that Reef is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Reef (REEF-USDT) is currently exhibiting signs of short-term bullish 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 insignificant 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.
