In this iExec RLC technical analysis, we will examine the current price action, trading volume, key levels and indicators for RLC-BTC. iExec RLC is a decentralized computing platform that leverages blockchain technology to provide on-demand computing resources. With RLC, users can rent out their idle computing power to others, creating a global marketplace for computing services. This innovative approach has the potential to revolutionize the way we think about computing and data processing, making it faster, cheaper, and more secure.
iExec RLC Price Overview:
As of May 13, 2024, iExec RLC is trading at approximately 5e-05 BTC. Let’s dive into the detailed price action for RLC-BTC:
| Metric | Value |
|---|---|
| Open (O) | 5e-05 |
| High (H) | 6e-05 |
| Low (L) | 5e-05 |
| Close (C) | 5e-05 |
| Volume (C) | 87,498.40 |
- Open (O): The opening price for today’s trading session was approximately 5e-05 BTC.
- High (H): iExec RLC reached a daily high of around 6e-05 BTC.
- Low (L): The daily low for RLC-BTC was approximately 5e-05 BTC.
- Close (C): At the time of analysis, iExec RLC is trading near its daily close of 5e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -11.12% |
| 3D Change (%) | -10.97% |
| 7D Change (%) | 1.67% |
| 30D Change (%) | 34.35% |
| 90D Change (%) | 7.74% |
| YTD Change (%) | 18.30% |
Over the past three days, RLCBTC has decreased by approximately -10.97%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 1.67%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with RLCBTC maintaining an upward trend of approximately 34.35%, despite intermittent fluctuations. Examining the last 90 days, RLCBTC has witnessed substantial rise of approximately 7.74%, reflecting strong long-term confidence. Year-to-date, RLCBTC has steadily increased by around 18.30%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
iExec RLC Live Chart:
You can access a live price chart for RLC-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 0.743.
- Momentum score is 0.05723.
RLC BTC Technical Analysis
iExec RLC Trading Volume:
The trading volume for iExec RLC (RLC) over the past 24 hours has been insignificant, with approximately 87,498.40 BTC traded against RLC. 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): RLC is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): iExec RLC is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for RLC-BTC is currently in the neutral zone, around 49.69183. This suggests that iExec RLC is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
iExec RLC (RLC-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 neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Delve into potential challenges for iExec RLC (RLCBTC) at 4.80e-05 BTC, guided by bearish technical analysis emphasizing weakened support and cautionary indicators.
Don’t skip our thorough exploration of RLC USDT iExec RLC Technical Analysis if you resonated with this post; it’s the perfect next step for deeper understanding.
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.