🚀 $RIF Pump Alert: Is it Time for a Breakdown?
$BNB RIF/USDT has shown a jump of over +8% today! If you are trading, these 3 points are essential:
1️⃣ Big News (Fundamental)
RootstockLabs has partnered with Animoca Brands Japan. This will allow Japanese companies to use Bitcoin DeFi, which is a significant utility boost for $RIF.
2️⃣ Staking Power
The new RootstockCollective DAO staking is now live. People are locking their RIF tokens to earn rewards, which has reduced sell pressure in the market.
3️⃣ Technical View (Chart)
* Resistance: The price is near
$XRP 0.0433 (MA60). If it breaks above, the next target could be $0.0458.
* Support: $0.039 - $0.041 has formed a strong floor.
* Volume: There has been a significant spike in trading volume, indicating "Real Buying".
💡 Final Word: The trend of Bitcoin Layer 2 projects is returning, and RIF is leading it. Avoid FOMO and keep an eye on support levels!
#RIF #BitcoinL2 #CryptoNews #Binance #TradingSignals
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#RIF