Retik Finance: Bridging The Gap Between Crypto And Fiat Realms
- Retik Finance Launch: Retik Finance crypto had a successful multi-exchange launch with a surge of 1500% but failed to sustain the hype, leading to doubts about its legitimacy.
- DeFi Project Downfall: The once promising DeFi project, Retik Finance, faced a downfall after its ATH price of $2.40 on launch day and subsequent drop in value.
- Factors for Initial Success: Retik Finance attracted attention by bridging the gap between crypto and fiat realms, raising $32,050,000 during presale, and strategic listings on major exchanges.
- Investor Concerns: Users on social media platforms expressed concerns about Retik Finance being a scam, with some claiming losses and lack of information about the team or founders.
- Price Fluctuations: The RETIK price plummeted post-launch, with big players possibly engaging in profit-taking strategies, leaving investors with significant losses and disappointment.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI) As of , DeFi (DEFI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DEFI 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, DEFI 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 $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000204 | 0.000249 | 0.000293 | 0.000338 | 0.000382 | 0.000427 | 0.000471 |
| Fibonacci | 0.000249 | 0.000283 | 0.000304 | 0.000338 | 0.000372 | 0.000393 | 0.000427 |
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