In this RSK Infrastructure Framework technical analysis, we will examine the current price action, trading volume, key levels and indicators for RIF-BTC. RSK Infrastructure Framework (RIF) is a smart contract platform that enables the development of decentralized applications and decentralized finance (DeFi) protocols. RIF’s native cryptocurrency, RBTC, serves as the primary token for paying fees and accessing the platform’s services. By leveraging the security of the Bitcoin blockchain and the flexibility of smart contracts, RIF provides a robust foundation for building decentralized applications and DeFi protocols.
RSK Infrastructure Framework Price Overview:
As of October 02, 2023, RSK Infrastructure Framework is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for RIF-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 412,862.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): RSK Infrastructure Framework reached a daily high of around 0.0 BTC.
- Low (L): The daily low for RIF-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, RSK Infrastructure Framework is trading near its daily close of 0.0 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.78% |
| 3D Change (%) | 0.00% |
| 7D Change (%) | -1.94% |
| 30D Change (%) | -9.64% |
| 90D Change (%) | -20.69% |
| YTD Change (%) | 1.20% |
Over the past three days, RIFBTC has dropped by approximately 0.00%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -1.94%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with RIFBTC maintaining a downward trend of approximately -9.64%, despite intermittent fluctuations. Examining the last 90 days, RIFBTC has witnessed substantial decline of approximately -20.69%, reflecting strong long-term confidence. Year-to-date, RIFBTC has steadily appreciated by around 1.20%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
RSK Infrastructure Framework Live Chart:
You can access a live price chart for RIF-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 0.28917.
- Momentum score is -0.09643.
RIF BTC Technical Analysis
RSK Infrastructure Framework Trading Volume:
The trading volume for RSK Infrastructure Framework (RIF) over the past 24 hours has been significant, with approximately 412,862.00 BTC traded against RIF. 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): RIF is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): RSK Infrastructure Framework is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for RIF-BTC is currently in the low zone, around 43.98758. This suggests that RSK Infrastructure Framework is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
RSK Infrastructure Framework (RIF-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 significant trading volume are low signals for potential downward 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.
