- RIOT price has been consolidating in a channel but may observe a breakout in near future
- Technical indicators of RIOT are favoring consolidation in price.It has seen a gain of 3% in intraday session.
Riot Blockchain is a company which focuses on mining Bitcoin and other cryptocurrencies. It was founded in 2000 and was originally focused on biotechnology. In 2017, they shifted their focus to blockchain technology and cryptocurrency mining. Since then, Riot has become one of the leading companies in the cryptocurrency mining industry.Riot has been a popular choice for the investors who want their exposure in crypto mining without holding any machinery.Riot’s stock has been subject to strong volatility due to market conditions and investor sentiment.There is a strong fluctuations in the RIOT price due to volatility in crypto. RIOT buyers are currently gathering up to push the asset price to a new high in the future.
RIOT has a market cap of $1.06 Billion with a negative EPS.It may see a high of $10 in near future as per analysts.
Is RIOT Price Looking For An Upside?
RIOT stock price is currently in a supply zone and may hit the support before rebounding to a new high. The weekly technical chart of the RIOT suggests a consolidated trend in price. On the daily chart it is trading near the value of $6.25 with a small gain in the intraday session. Resistance of the RIOT stock price can be seen near $8.Meanwhile the support of the asset price can be seen near $4.It is trading above the 50 and 100 Daily Moving Average. There can be a positive crossover which can push the asset price to a new high in the future.
RSI of the RIOT is currently near 57 suggesting its presence in neutral zone. កុបកម្ម stock price may see a downside trend as per RSI.
សន្និដ្ឋាន
RIOT has been in a consolidated parallel channel for a long time but may see a breakout in the future. Various analysts are expecting a strong momentum in RIOT price in future.
កំរិតបច្ចេកទេស
ជំនួយសំខាន់ៗ៖ ០,២៥៣ ដុល្លារ
ភាពធន់ទ្រាំសំខាន់: 8 ដុល្លារ
ការមិនទទួលខុសត្រូវ
ទស្សនៈ និងគំនិតដែលសរសេរដោយអ្នកនិពន្ធ ឬមនុស្សណាម្នាក់ដែលមានឈ្មោះក្នុងអត្ថបទនេះគឺសម្រាប់តែគំនិតព័ត៌មានប៉ុណ្ណោះ ហើយពួកគេមិនបង្កើតហិរញ្ញវត្ថុ ការវិនិយោគ ឬដំបូន្មានផ្សេងទៀតទេ។ ការវិនិយោគលើ ឬជួញដូរទ្រព្យសកម្មគ្រីបតូមកជាមួយហានិភ័យនៃការបាត់បង់ហិរញ្ញវត្ថុ។
Source: https://www.thecoinrepublic.com/2023/03/01/riot-stock-price-prediction-will-riot-price-hit-10-in-mid-of-2023/