RIF USDT RSK Infrastructure Framework Technical Analysis

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By Frans van Elst

RSK Infrastructure Framework logo 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 developers to build decentralized applications (dApps) on the Rootstock (RSK) blockchain. With RIF, developers can utilize a modular architecture to create complex dApps with ease, while also benefiting from the security and scalability of the RSK network. Additionally, RIF supports a wide range of programming languages, making it an accessible platform for developers of all backgrounds.

RSK Infrastructure Framework Price Overview:

As of July 02, 2024, RSK Infrastructure Framework is trading at approximately 0.0955 USDT. Let’s dive into the detailed price action for RIF-USDT:

Anticipate potential growth for RSK Infrastructure Framework (RIFUSDT) at 9.55e-02 USDT through positive technical analysis, emphasizing strong support and promising indicators.

Metric Value
Open (O) 0.0952
High (H) 0.0974
Low (L) 0.0945
Close (C) 0.0955
Volume (C) 5,893,543.00
  • Open (O): The opening price for today’s trading session was approximately 0.0952 USDT.
  • High (H): RSK Infrastructure Framework reached a daily high of around 0.0974 USDT.
  • Low (L): The daily low for RIF-USDT was approximately 0.0945 USDT.
  • Close (C): At the time of analysis, RSK Infrastructure Framework is trading near its daily close of 0.0955 USDT.
Metric Value
1D Change (%) 0.32%
3D Change (%) 5.29%
7D Change (%) -2.35%
30D Change (%) -40.16%
90D Change (%) -60.83%
YTD Change (%) -25.16%

Over the past three days, RIFUSDT has increased by approximately 5.29%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -2.35%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with RIFUSDT maintaining a downward trend of approximately -40.16%, despite intermittent fluctuations. Examining the last 90 days, RIFUSDT has witnessed substantial fall of approximately -60.83%, reflecting strong long-term confidence. Year-to-date, RIFUSDT has steadily depreciated by around -25.16%, 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 0.70033.
  • Momentum score is -0.29207.

RIF USDT Technical Analysis

RSK Infrastructure Framework Trading Volume:

The trading volume for RSK Infrastructure Framework (RIF) over the past 24 hours has been insignificant, with approximately 5,893,543.00 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 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-USDT is currently in the low zone, around 35.4282. This suggests that RSK Infrastructure Framework is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

RSK Infrastructure Framework (RIF-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 low RSI and insignificant trading volume are low signals for potential downward movement.

Anticipate potential growth for RSK Infrastructure Framework (RIFUSDT) at 9.55e-02 USDT through positive technical analysis, emphasizing strong support and promising indicators.

Unlock additional insights on RIF BTC RSK Infrastructure Framework Technical Analysis with our detailed analysis; a must-read if you enjoyed the content of 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.

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