The iExec is the Decentralized Marketplace for computing assets which connects resource providers with resource users, allowing anyone to monetize or rent computing power, datasets, and applications. RLC is the native token of the iExec platform. In exchange for RLC tokens, users can utilize the network to rent servers, data, and applications.
iExec RLC (RLC) Market Price All-Time Basic Technical Chart.
According to the basic chart of the RLC coin, we can see the price is trying to sustain close to $1 whereas the ATH for the RLC is $12 on around 10th May 2021. As per Coingecko, the RLC coin comes under the Ethereum Ecosystem and today 17th July 2022, the Ethereum Ecosystem market cap is $415 Billion, a + 4.5% change in the last 24 hours. RLC is showing great strength in the last 30 days as it is almost up 55%.
Currently, RLC is trading on highly reputed trading platforms like Binance, Bittrex, and WazirX hence we can expect that there is enough liquidity for buyers & sellers.
iExec RLC (RLC) Market Capital All-Time Basic Technical Chart.
The total market capitalization of iExec RLC (RLC) currently stands at $68,777,000 and over the last 30 days the low was made at $41,311,099 and the high was made at $96,727,551.
In this basic view, we can also see that the total market capitalization of iExec (RLC) is at the same level as where it increased in the past few times. Since currently it is sustaining at the same level and increasing in the last 30 days so we can expect that the market capitalization of iExec (RLC) may increase which will also affect iExec (RLC) price on the upside.
1-Day Candle Chart with Pivots Points.
In March 2022 the price was above the Pivot level but then in the next, that means in April 2022 the price remains below the Pivot Point. In the current month July 2022, the price was above the Pivot level, but in a very short time, it fell again. Currently, the price is close to the Pivot level hence currently we can’t decide until it starts moving either below or above the Pivot level.
Currently, the price is around $0.94, as it was above Pivot point for a short period hence for the short period as per Pivot we can say the upside target is $1.35 and the downside is $0.65. For the safe side, we can set the 1st Support level for the Stop-Loss.
1-Day Candle Chart with RSI.
As per the RSI indicator, the price of iExec RLC (RLC) looks on the upside as per the red line drawn even though the price is indicating neutral. Here, either we can enter when the RSI price touches the red line or the lower band of RSI. However, in just recent history we can see the price tried to break the upper band but did not sustain.
If the RSI price somehow breaks the upper band and sustains, then there is a possibility for a big movement on the upside and a possible target of $2.50. For the safe side, the Stop-Loss will be $0.55.
1-Day Candle Chart with 50-Days — 200 Days Moving Average.
As per the 50-Days — 200 Days Moving Average, we can see the price is trading just above the 50 Days MA, if the price sustains the above 50 Days MA then we can expect upside movement till 200MA which currently stands around $1.65
The Stop-Loss remains the same as mentioned above at $0.55. The possible range for the price movement is between 50 Days MA and 200 Days MA. If somehow the price crosses 200 MA and sustains above then a big bullish trend can be expected.
As per coinmarketcap, below is the chart of total unique addresses that hold iExec RLC (RLC) assets in the network in the last 3 months.
Top RLC addresses by balance.
As per coinmarketcap, below is the chart of addresses with the highest amount of RLC holdings in the network in the last 3 months.
In this article, we have seen the possible levels of the iExec RLC (RLC) price where up movement is expected. The iExec RLC (RLC) Market Capital is around its all-time Support Level where most of the time the price went up and it may be possible that history can repeat itself. Since the current price movement is within the range/flat, the 50 Days and 200 Days range is important here as it may continue in the same way for the next few trading sessions but we have seen in what condition the up and revert movement can be possible.
This article is just for an educational purpose and not for investment suggestions. Please do your own study and research before any investment.