What does the long-term technical data for the Rai Reflex Index (RAI) predict on Friday?

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Rai Reflex Index receives a strong long-term technical rating of 86 from InvestorsObserverresearch based on historical trading patterns. The proprietary scoring system assesses the price movement of the last few months to a year, analyzes the token’s support and resistance levels, and where it is relative to long-term averages to determine if it is a strong buy and hold investment opportunity. RAI currently holds a long-term technical analysis score above 86% of the cryptos in circulation. This ranking metric is particularly useful for buy-and-hold type investors looking for consistent strong growth when allocating their assets. tokens with a high technical score in the long and short term can help point to assets that have bottomed out, giving investors a chance to “buy the dip”.

InvestorsObserver gives Rai Reflex Index a long-term technical ranking of 86. Find out what this means for you and get the rest of the ranking on Rai Reflex Index!

Business analysis

The price of the Rai Reflex Index is $0.0000000 (0.01%) above its 100-day moving average price of $3.030000000, with its price currently standing at $3.030000000. Additionally, the RAI is $0.4500000 (-310.04%) higher than its 52-week low of $2.570000000, while -$1.16000000 (-166.45%) is lower. at its 52-week high of $4.190000000. The current trading price against its long-term average as well as its 52-week high and low, gives RAI a strong long-term technical score of 86. The long-term trading movement of the Rai Reflex Index suggests that investors are neutral on the token for now. The Rai Reflex Index currently has a total market capitalization of $83,963,847.28 to go along with its average daily volume of $32,057,594.50 of the currency over the past seven days. RAI’s volume is below its seven-day average over the past 24 hours, with 1,890,808.28 traded over the period. Decentralized Finance subclass of this token: DeFi, or decentralized finance, tokens are tokens created as an alternative to traditional financial institutions. These tokens are designed to alleviate the needs of brokers, exchanges and/or banks by offering traditional financial products or services without the need for central authority through the use of smart contracts.

Summary

RAI’s historical trading over the past year gives it a strong long-term technical score of 86, as its price movement over this period has given investors reason to be neutral on the token over the long term. . Click here for the full Rai Reflex Index (RAI) report.

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