Ramifi Protocol Technical Analysis: Price Upswing to $0.04104

Table of contents

  1. Ram Past Performance
  2. Ramifi Protocol Technical Analysis
  3. Ram Upcoming Trend

Technical Key Points

Ram trading volume in the last 24 hrs is $170,413,000Ramifi Protocol is currently bullishThe 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.

Ramifi Protocol

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 current level of $0.046. The major support levels are at $0.0460, $0.0430, and $0.0410 while the resistance levels are at $0.0500, $0.0520, and $0.0540. The next few days are crucial for Ram as the price may continue to rise or fall depending on the market conditions.

Ram Upcoming Trend

Ram is expected to continue its upward trend in the near future as the technical indicators are mostly bullish. The RSI is currently in the overbought zone which indicates that the price may consolidate for a few days before continuing its upward journey. The MACD is also in the bullish zone and is expected to rise further. The 12 moving averages are mostly bullish with the exception of 6 which are bearish. The Bollinger bands have started to widen which indicates increased volatility in the market.

Investors are advised to buy on dips as the price is expected to continue its upward trend. The major support levels are at $0.0460, $0.0430, and $0.0410 while the resistance levels are at $0.0500, $0.0520, and $0.0540.

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