Deep Dive
1. Network Upgrade Speculation (Mixed Impact)
Overview: CoinEx announced support for RIF’s network upgrade and hard fork on September 16, 2025, though specifics like timing remain unclear. Historically, such upgrades can drive short-term speculation about protocol improvements.
What this means: While upgrades often signal long-term development, the lack of details creates uncertainty. The 128% surge in RIF’s 24h trading volume suggests traders are front-running potential bullish catalysts, but weak follow-through (only +0.14% price gain) hints at skepticism.
What to look out for: Confirmation of upgrade timelines or technical details from the RIF team.
2. Technical Rebound From Oversold Levels (Bullish Impact)
Overview: RIF’s 4h RSI hit 22.04 on August 1, 2025 (CoinMarketCap), signaling extreme oversold conditions. The current RSI14 at 47.28 shows partial recovery but remains neutral, leaving room for further upside.
What this means: Short-term traders often exploit oversold RSI readings for mean-reversion plays. The price holding above the 30-day SMA ($0.0585) suggests near-term support, though bearish MACD divergence (-0.00018) warns of fading momentum.
Key level: A break above the 7-day SMA ($0.0614) could signal renewed bullish momentum.
3. Altcoin Market Sentiment Shift (Neutral Impact)
Overview: The crypto altcoin season index rose to 72 (+2.86% in 24h), reflecting capital rotation into smaller-cap tokens. However, RIF’s muted response (+0.14% vs. market-wide +1.46%) implies weaker relative demand.
What this means: While improving altcoin sentiment provided a tailwind, RIF’s underperformance suggests coin-specific headwinds, possibly due to its 2025 derivatives delistings (e.g., Flipster’s April 2025 perpetuals removal).
Conclusion
RIF’s minor gain reflects a tug-of-war between upgrade speculation and lingering skepticism, amplified by oversold technicals. The token’s weak response to broader altcoin strength highlights its niche positioning and reduced derivatives access.
Key watch: Can RIF hold above $0.0585 (30-day SMA) to sustain the rebound, or will fading upgrade hype trigger profit-taking?