In this RSK Infrastructure Framework technical analysis, we will examine the current price action, trading volume, key levels and indicators for RIF-USDT. RSK Infrastructure Framework (RIF) is a smart contract platform that enables the creation of decentralized applications and protocols on the RSK blockchain. It provides a modular architecture that allows developers to build complex dApps with ease, and its modular design makes it highly scalable and flexible. Additionally, RIF supports multiple programming languages, making it accessible to a wide range of developers.
RSK Infrastructure Framework Price Overview:
As of October 02, 2023, RSK Infrastructure Framework is trading at approximately 0.0705 USDT. Let’s dive into the detailed price action for RIF-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.0712 |
| High (H) | 0.0742 |
| Low (L) | 0.0693 |
| Close (C) | 0.0705 |
| Volume (C) | 12,206,016.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0712 USDT.
- High (H): RSK Infrastructure Framework reached a daily high of around 0.0742 USDT.
- Low (L): The daily low for RIF-USDT was approximately 0.0693 USDT.
- Close (C): At the time of analysis, RSK Infrastructure Framework is trading near its daily close of 0.0705 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.98% |
| 3D Change (%) | 3.22% |
| 7D Change (%) | 3.98% |
| 30D Change (%) | -3.29% |
| 90D Change (%) | -27.91% |
| YTD Change (%) | 70.70% |
Over the past three days, RIFUSDT has increased by approximately 3.22%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 3.98%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with RIFUSDT maintaining a downward trend of approximately -3.29%, despite intermittent fluctuations. Examining the last 90 days, RIFUSDT has witnessed substantial decrease of approximately -27.91%, reflecting strong long-term confidence. Year-to-date, RIFUSDT has steadily appreciated by around 70.70%, 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-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 0.34255.
- Momentum score is -0.03292.
RIF USDT 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 12,206,016.00 USDT 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): RSK Infrastructure Framework is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for RIF-USDT is currently in the neutral zone, around 47.35367. This suggests that RSK Infrastructure Framework is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
RSK Infrastructure Framework (RIF-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 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.
