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Technical Key Points
- RAM price mark $0.04406
- Ramifi protocol is bullish
- RAM registered a trading volume of $319,831.5
Ramifi Protocol Past Performance
RAM technical analysis shows that it has traded as low as $0.01823 and as high as $0.0619 in the last 24 hrs. Initially the price was $0.0257 before bulls took over and the price hit highs of $0.0619 before it started to correct lower. The current market is at $0.04406, which is still in an uptrend. The bulls have been in control of the market since the RAM hit lows of $0.01823, the market has seen an increase of 144% since then. The market is currently in an uptrend, however, the bulls seem to be losing momentum as the market corrects lower.
Source: Trading view[/caption]
RAM Technical Analysis
Out of the 26 technical indicators, 15 indicators show a buy signal while 9 show a hold and 2 show a selling signal.3 of the oscillators show a buy signal while 8 show hold signal. The Bollinger bands are squeezed indicating low market volatility and a breakout is imminent. The MACD shows that the market is in an uptrend as the moving averages are diverging. The RSI is currently at 73 indicating that the market is overbought and a correction is overdue. In the last 24 hrs, Ram has traded a volume of $319,831.54 and a market capitalization of$366,515.52. The technical analysis for the Ramifi protocol shows that the market is in an uptrend but is due for a correction as the indicators are overbought. The market has seen a 135.81% and is currently trading at $0.04406. The bulls seem to be losing momentum as the market corrects lower.
Ramifi Protocol Upcoming Trend
From the above technical analysis, it can be seen that RAM is currently in an uptrend but is losing momentum as it corrects lower. The market is due for a breakout as indicated by the Bollinger bands. A correction is also likely given that the RSI is currently overbought.