Support Statement from Binance for Two Altcoins!
Binance Altcoin Support: Binance has announced support for network upgrades and hard forks for altcoins Shentu (CTK) and Rootstock Infrastructure Framework (RIF), with specific dates for deposit and withdrawal suspensions.
Market Reaction: Following the announcement, the prices of CTK and RIF began to rise, indicating positive market sentiment.
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Technical Analysis for RIF
Technical Sentiment Analysis for Rootstock Infrastructure Framework (RIF) As of , Rootstock Infrastructure Framework (RIF) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 6 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for RIF stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, RIF is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Rootstock Infrastructure Framework (RIF) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0215 | 0.0275 | 0.0338 | 0.0398 | 0.0461 | 0.0521 | 0.0584 |
| Fibonacci | 0.0275 | 0.0322 | 0.0351 | 0.0398 | 0.0445 | 0.0474 | 0.0521 |
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