RITE
Fundamental Analysis
Introduce
ritestream is an eco-system platform for the creation, monetisation and consumption of film and TV content in Web3. ritestream’s vision is to democratise the creator economy and generate revenues in the metaverse and via NFT’s for creators and the community.Ritestream has 4 key pillars: i) a launchpad for film/TV content whereby community can participate in the creation of film/TV project and earn revenues from these NFT’s ii) A consumer app for watching film/tv content iii) An NFT Marketplace for Film/TV NFT’s and iv) A B2B film/tv distribution platform.
BasicInfo
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | RITE | Market Cap | 2413357.892 |
| Name | ritestream | White Paper | -- |
| Web Site | https://ritestream.io/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://bscscan.com/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1000000000 | |
| Supply | 1000000000 | Release Date | 2022-05-09 |
| Available Supply | 181852000 |
Technical Analysis
Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2024-12-31 | 0.013473 | 0.013861 | 0.013268 | 0.013283 | 71968.042052 |
| 2024-12-30 | 0.013607 | 0.013823 | 0.013382 | 0.013489 | 85541.437587 |
| 2024-12-29 | 0.01461 | 0.01461 | 0.013487 | 0.013606 | 100870.858714 |
| 2024-12-28 | 0.014681 | 0.015401 | 0.014513 | 0.014604 | 112185.88884 |
| 2024-12-27 | 0.013161 | 0.014721 | 0.013084 | 0.014684 | 98679.820011 |
| 2024-12-26 | 0.012454 | 0.013294 | 0.012365 | 0.013161 | 96863.721597 |
| 2024-12-25 | 0.012824 | 0.01285 | 0.012451 | 0.012454 | 96548.402874 |
| 2024-12-24 | 0.013144 | 0.013324 | 0.012501 | 0.012822 | 105245.236638 |
| 2024-12-23 | 0.014243 | 0.014267 | 0.013127 | 0.013148 | 106944.763652 |
| 2024-12-22 | 0.014807 | 0.014855 | 0.014224 | 0.014224 | 98415.611592 |
| 2024-12-21 | 0.012703 | 0.015638 | 0.012614 | 0.014807 | 98047.282915 |
| 2024-12-20 | 0.012134 | 0.012758 | 0.011771 | 0.012703 | 118699.172271 |
| 2024-12-19 | 0.016969 | 0.016969 | 0.011539 | 0.012133 | 172997.851372 |
| 2024-12-18 | 0.01926 | 0.020574 | 0.016763 | 0.016965 | 130042.830319 |
| 2024-12-17 | 0.020051 | 0.022894 | 0.01926 | 0.01926 | 131460.161519 |
| 2024-12-16 | 0.018213 | 0.021911 | 0.018114 | 0.020051 | 104350.490012 |
| 2024-12-15 | 0.017839 | 0.018423 | 0.017219 | 0.018211 | 96904.230283 |
| 2024-12-14 | 0.016106 | 0.021091 | 0.01581 | 0.017839 | 116607.209141 |
| 2024-12-13 | 0.014608 | 0.01743 | 0.014015 | 0.016118 | 130486.862395 |
| 2024-12-12 | 0.014419 | 0.015259 | 0.014122 | 0.014609 | 124427.845411 |
| 2024-12-11 | 0.014146 | 0.01443 | 0.013796 | 0.014419 | 104625.467022 |
| 2024-12-10 | 0.0149 | 0.015029 | 0.014 | 0.014146 | 100335.256022 |
| 2024-12-09 | 0.014729 | 0.015052 | 0.014438 | 0.014908 | 116991.754491 |
| 2024-12-08 | 0.015714 | 0.015742 | 0.014565 | 0.014727 | 131540.633582 |
| 2024-12-07 | 0.017006 | 0.017088 | 0.0155 | 0.015714 | 122091.211388 |
| 2024-12-06 | 0.017238 | 0.017349 | 0.01677 | 0.017006 | 114092.752902 |
| 2024-12-05 | 0.015403 | 0.025 | 0.015402 | 0.017238 | 129522.471518 |
| 2024-12-04 | 0.017467 | 0.017467 | 0.014955 | 0.015403 | 146362.51399 |
| 2024-12-03 | 0.014507 | 0.019168 | 0.012678 | 0.017474 | 146771.118459 |
| 2024-12-02 | 0.01573 | 0.017383 | 0.014442 | 0.014507 | 142874.108189 |
Analysis
The analysis suggests a period of high volatility followed by a consolidation and downward trend.The price experienced a sharp decline from around 0.022 to 0.012 between December 17th and December 20th which was accompanied by high trading volume. Subsequently there was a bounce and a short period of upward price action.However the price could not sustain the gains and has entered a downtrend with a lower price high and a lower price low. A significant drop in volume during the last few days indicates weakening momentum. The current price sits at 0.013283. Resistance levels are around 0.0136 and 0.0146 while support is near 0.0130 and the recent low of 0.0124. The current trend suggests further downward pressure with possible short term sideways movement.Based on this data a continuation of the downward trend with a possible retest of support near 0.0130 and 0.0124 is expected.
