- A bearish crossover has been generated between the RSI and RSI-based moving averages.
- The Rollbit crypto price is unable to sustain over the 20-day EMA.
Rollbit crypto price chart structure suggests that the price has been falling by forming lower lows and lower highs. The price has slipped below the 20-day exponential moving average and is approaching an all-time low. The RLB price is falling by taking support on the trendline and is melting back to the trendline.
The Rollbit price has been trading at $0.101, which has risen 1.21% in the last 24 hours. The market capitalization is $336.07 million, and the 24-hour trading volume is $1.25 million. The circulating supply is 3,296,951,621 RLB, and the total supply is 2,816,182,174 RLB.
Current Price – $0.101 Fear & Greed Index – 67 (Greed)
Market cap – $336.07 million Green Days – 18/30 (60%)
Volume – $1.25 million Price Prediction – $0.0760 (-26.93%)
Sentiment – Neutral RSI – 44.37
Volatility – 8.30% 20-day EMA – $0.108
According to our technical analysis, the Rollbit crypto price is predicted to fall 26.93% to $0.0760 by April 22, 2024. The fear and greed index is 67 (greed), and the volatility is 8.30%. The RLB coin price has remained positive for 18 days in the last 30 days, showing the buyers’ grip.
According to the technical indicators, the Rollbit crypto price is trading below the 20-day exponential moving average, indicating a bearish trend. A bearish crossover between the RSI and RSI-based moving average indicates the sellers’ dominance.
Rollbit Crypto Volume vs Price Analysis
The trading volume has dropped from $8.45 million to $1.24 million in a month and the RLB price has also reacted negatively. According to the graph, the trading volume has decreased from $4.85 million to $1.23 million in the last 3 days. That has led to a bearish momentum. The further momentum of Rollbit price may depend on the change in the trading volume.
Rollbit Crypto Social Dominance and Social Volume Analysis
According to the graph, the interaction and awareness about RLB crypto on social media have remained constant for the last few months. However, the RLB price has witnessed bearish momentum. Suppose the social dominance and social volume decrease, the RLB price may approach an all-time low soon.
Rollbit Crypto Price is in Bearish Trend: Will It Defend the All-time Low Level?
The technical chart of Rollbit coin displays that the price has been declining by forming lower lows and lower highs. The price has been taking support on the trendline and is currently melting back to the trendline. Recently, the RLB price has slipped below the 20-day exponential moving average.
Suppose the Rollbit price melts to the trendline and takes support; buying momentum for the short term can be expected. Buyers may show interest if the RLB price surpasses the 20-day EMA and sustains. If the price approaches the $0.165 hurdle, buying momentum can be seen for the long term.
On the other hand, if the Rollbit price fails to surpass the 20-day exponential moving average, sellers may dominate, and the price may keep declining by taking support on the trendline.
Conclusion
The Rollbit price has been on a bearish trend in a broader time frame and is approaching an all-time low. According to the analysts, the RLB price may perform positively over the 20-day EMA, and sellers may remain strong below the 20-day EMA. If the price slips below $0.0885, it will record a new all-time low.
Technical Levels
Resistance: $0.125 & $0.165
Support: $0.0885 & $0.0700
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.