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RBX Coin is Trading Sideways Even After a Major Innovative Update 

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The ReserveBlock RBX Network has recently launched an innovative update to their Spartan Wallet. This update includes the addition of “RBX Reserve Accounts,” which provide users with enhanced control and protection to secure their digital assets.

Cryptocurrency wallets have always been marketed as decentralized. However, the recent increase in cryptocurrency exchange heists has made it more important than ever to take charge of your digital assets and secure them effectively. 

The ReserveBlock RBX Network has taken note of this issue and is empowering users to manage their digital belongings by introducing cutting-edge wallets.

Unique Features of RBX’s Cutting-edge Wallets.

One of the unique features of these wallets is their on-chain recovery, which allows users to recover lost or compromised funds and digital assets with a backup plan built directly into the system. Additionally, RBX includes a new feature that allows users to set up rules triggering notifications before unwanted transactions occur, preventing accidental transfers. 

The innovative wallet setup combines the safety of cold wallets (offline storage) with the convenience of hot wallets (online access) for everyday transactions. Users can swiftly recover their assets within 24 hours in the event of compromised funds.

Moreover, RBX introduces an escrow-send function that allows automated trading powered by Self-Executing NFTs (SENs), eliminating the need for third-party intermediaries.

To promote eco-friendliness and user-friendliness, the RBX Network uses a Carbon-neutral, voluntary, and liquid Proof of Assurance (PoA) consensus, which allows for randomized block rewards on any device, including laptops.

The RBX Network has enabled the RBX Reserve Account into their web wallets. This update has offered even more benefits for users and further secured their digital assets.

Technical Analysis and Prediction of the RBX Coin Price 

Technical Analysis and Prediction of the RBX Coin Price 
RBX/USDT chart by TradingView (Daily time frame)

The RBX coin price has declined by more than 75% since August. The RBX price coin is in the grip of bears as it has been sideways ever since falling in August. Despite the innovative updates that the company is bringing in. 

Technical price Prediction  

The current resistance zone is being created between the $0.00879 and $0.01233 levels. However, there is a shallow support on the downside for the bulls. The support zones are ranging from levels between $0.00591 and $0.00316. 

Pivot Lines Analysis

PivotClassicFibonacciCamarillaWoodie
S30.00139
S20.00302
S10.001780.00466
P0.008610.008610.008610.00812
R10.016390.015440.007940.01542
R20.026480.019650.009580.02599
R30.044350.026480.011210.03329

Conclusion 

The ReserveBlock RBX Network has released an updated version of their Spartan Wallet, featuring innovative enhancements. Unfortunately, the RBX coin has experienced a significant decline of more than 75% since August, with the bears currently in control.

Technical Levels

  • Support Levels: $0.00591 and $0.00316. 
  • Resistance Levels: $0.00879 and $0.01233 
Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks, cryptos or related indexes comes with a risk of financial loss.

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