REF

Fundamental Analysis

Introduce

Built on top of a leading edge protocol in NEAR, REF Finance acts as the gateway into the entire eco through its AMM, which provides liquidity and swapping features for all decentralized application launching on NEAR. To do this, REF implements the renowned Rainbow Bridge which seamlessly bridges Ethereum based assets over to NEAR, thus bringing access for an array of DeFi users to lower fees and faster transaction speeds.

BasicInfo

Technical Analysis

Kline Data

Analysis

The analysis reveals a generally downtrending price action over the past 30 days, starting from a higher range and gradually declining to current levels. A significant volatility spike is apparent around December 9th with unusually high volume, followed by a period of stabilization with relatively lower trading volumes. The recent 7 days shows a consolidation phase with smaller price fluctuations. The last 3 days particularly indicate a potential sideways movement forming a very small range. Based on the data the recent closing price is lower compared to the opening prices in previous days and the volume is lower too, and the price trend is still in a downtrend channel, a slight rebound is expected in short period but not enough to reverse the trend.