In this iExec RLC technical analysis, we will examine the current price action, trading volume, key levels and indicators for RLC-USDT. Here are three sentences about iExec RLC cryptocurrency: iExec RLC is a blockchain-based platform that enables the creation and execution of decentralized applications (dApps) with a focus on privacy and confidentiality. It utilizes a novel consensus algorithm called “Proof of Authority” to ensure the security and scalability of its network. Additionally, iExec RLC features a unique token-based system that allows users to access and monetize their personal data, providing an innovative approach to data privacy and management.
iExec RLC Price Overview:
As of October 02, 2023, iExec RLC is trading at approximately 1.039 USDT. Let’s dive into the detailed price action for RLC-USDT:
- Open (O): The opening price for today’s trading session was approximately 1.052 USDT.
- High (H): iExec RLC reached a daily high of around 1.074 USDT.
- Low (L): The daily low for RLC-USDT was approximately 1.006 USDT.
- Close (C): At the time of analysis, iExec RLC is trading near its daily close of 1.039 USDT.
|1D Change (%)||-1.14%|
|3D Change (%)||3.08%|
|7D Change (%)||4.00%|
|30D Change (%)||-7.64%|
|90D Change (%)||-23.60%|
|YTD Change (%)||-15.11%|
Over the past three days, RLCUSDT has risen by approximately 3.08%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 4.00%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with RLCUSDT maintaining a downward trend of approximately -7.64%, despite intermittent fluctuations. Examining the last 90 days, RLCUSDT has witnessed substantial decrease of approximately -23.60%, reflecting strong long-term confidence. Year-to-date, RLCUSDT has steadily declined by around -15.11%, 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 0.39007.
- Momentum score is -0.07644.
RLC USDT Technical Analysis
iExec RLC Trading Volume:
The trading volume for iExec RLC (RLC) over the past 24 hours has been significant, with approximately 982,534.90 USDT traded against RLC. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
- 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 neutral zone, around 47.4042. This suggests that iExec RLC is in range-bound 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 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.