Rootstock Infrastructure Framework

Captain

Coin

<p>Rootstock Infrastructure Framework (RIF) coin has seen significant upward momentum in recent days. It has seen more than 35% gain today alone, leaving many with the thought of why it is pumping. For background, RIF offers open-source tools and technologies to build decentralized finance (DeFi) products for payments, lending, and more. It is surging based on a bullish technical pattern spotted by analyst Captain Faibik.</p>
<h2 class="wp-block-heading" id="breaking-falling-wedge">Breaking Falling Wedge</h2>
<p>According to Faibik’s <a href="https://twitter.com/CryptoFaibik/status/1715271357506928786" target="_blank" rel="noopener noreferrer nofollow">analysis</a>, RIF is breaking out of a falling wedge pattern on the daily timeframe. A falling wedge involves lower highs and lower lows converging into a wedge shape, signaling a reversal is imminent.</p>
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="497" src="https://captainaltcoin.com/wp-content/uploads/2023/10/image-527-1024x497.png" alt="" class="wp-image-360355" srcset="https://captainaltcoin.com/wp-content/uploads/2023/10/image-527-1024x497.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-527-300x146.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-527-766x372.png 766w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-527-1536x746.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-527-2048x994.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-527-309x150.png 309w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-527-100x49.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-527-721x350.png 721w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-527-788x382.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-527.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>As Faibik’s chart shows, RIF broke above wedge resistance around $0.08 and continues pushing higher. Falling wedges breakouts typically lead to strong bullish moves, fueling further upside.</p>
<h2 class="wp-block-heading" id="rallied-past-0-10-more-room-seen">Rallied Past $0.10, More Room Seen</h2>
<p>RIF has already rallied past $0.10 from the breakout point around $0.08. However, Faibik’s analysis suggests the price could continue surging to as high as $0.17 based on the falling wedge target. This target aligns with excitement in the community as RIF maintains its upside momentum after breaking key resistance.</p>
<p>In summary, Captain Faibik spotlights a bullish falling wedge reversal that could send RIF considerably higher if the technical pattern plays out as expected. With RIF already above $0.10, further upside appears likely given this constructive chart setup.</p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/why-is-rif-coin-pumping-analyst-shows-why-the-price-could-surge-higher/">Why Is RIF Coin Pumping? Analyst Shows Why the Price Could Surge Higher</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Why Is RIF Coin Pumping? Analyst Shows Why the Price Could Surge Higher

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