In this iExec RLC technical analysis, we will examine the current price action, trading volume, key levels and indicators for RLC-USDT. iExec RLC is a decentralized platform that enables the creation and execution of smart contracts on the Ethereum blockchain. The platform utilizes a novel consensus algorithm called “Proof of Useful Work” to incentivize miners to secure the network while also providing computational resources for executing smart contracts. By leveraging this innovative approach, iExec RLC aims to bridge the gap between blockchain technology and real-world applications, unlocking new possibilities for decentralized computing and automation.
iExec RLC Price Overview:
As of July 03, 2024, iExec RLC is trading at approximately 1.993 USDT. Let’s dive into the detailed price action for RLC-USDT:
| Metric | Value |
|---|---|
| Open (O) | 2.081 |
| High (H) | 2.085 |
| Low (L) | 1.982 |
| Close (C) | 1.993 |
| Volume (C) | 322,869.20 |
- Open (O): The opening price for today’s trading session was approximately 2.081 USDT.
- High (H): iExec RLC reached a daily high of around 2.085 USDT.
- Low (L): The daily low for RLC-USDT was approximately 1.982 USDT.
- Close (C): At the time of analysis, iExec RLC is trading near its daily close of 1.993 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -4.14% |
| 3D Change (%) | -5.55% |
| 7D Change (%) | -5.81% |
| 30D Change (%) | -40.44% |
| 90D Change (%) | -40.35% |
| YTD Change (%) | 15.80% |
Over the past three days, RLCUSDT has fallen by approximately -5.55%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -5.81%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with RLCUSDT maintaining a downward trend of approximately -40.44%, despite intermittent fluctuations. Examining the last 90 days, RLCUSDT has witnessed substantial decline of approximately -40.35%, reflecting strong long-term confidence. Year-to-date, RLCUSDT has steadily appreciated by around 15.80%, 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-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 0.64624.
- Momentum score is -0.26889.
RLC USDT Technical Analysis
iExec RLC Trading Volume:
The trading volume for iExec RLC (RLC) over the past 24 hours has been insignificant, with approximately 322,869.20 USDT 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-USDT is currently in the low zone, around 38.6458. This suggests that iExec RLC is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
iExec RLC (RLC-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.
Delve into potential challenges for iExec RLC (RLCUSDT) at 1.99 USDT, guided by bearish technical analysis emphasizing weakened support and cautionary indicators.
Don’t overlook our detailed insights on RLC BTC iExec RLC Technical Analysis if you found this post captivating; it’s a must-read for further exploration.
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.