Cryptoknowmics
2022-06-11 21:00:48

Ramifi Protocol Technical Analysis: Price Upswing to $0.04104

Technical Key Points Ram trading volume in the last 24 hrs is $170,413,000 Ramifi Protocol is currently bullish The RSI is at 59.34 Ram Past Performance On 3rd June, Ram started its downward trend and today bulls were able to mark the $0.04104 zone as a strong support area. This was a good buying opportunity as the price may continue to rise in the coming days. Ram trading volume in the last 24 hrs is $170,413,000 and the market capitalization is $290,400. Source: Trading View Ramifi Protocol Technical Analysis From the above chart, it can be seen that after a brief consolidation phase, the price has started to increase and is currently trading near the $0.0460 level. The RSI is at 59.34 and is currently in the neutral zone. The MACD is also in the neutral zone. The Bollinger bands have started to widen which indicates increased volatility in the market. The signal line has crossed over the MACD line an indication that the price may continue to rise in the near future. Out of the 26 technical indicators, 10 reveal a buy signal, 7 reveal a sell signal and 9 are neutral. The 12 moving averages are mostly bullish with the exception of 6 which are bearish. The oscillators show 2 buys 8 holds and 1 sell signal. Ramifi protocol has 3,586,800 supply in the market and as traded as low as $0.03233 and as high as $0.05285. Buyers are currently in control of the market as they have pushed the price up from the low of $0.03233 to the curr...

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