RAMP (RAMP) Price Update: Should You Sell?

In focus | RAMP Logo RAMP $RAMP
RAMP (RAMP) Price Update: Should You Sell?

In Brief

  • The price of RAMP (RAMP) has spikes to $0.04, up by 27% in the past week.

  • For comparison, the market overall is down by -0.6%.

  • 20 previous historical occurrences of the engulfing pattern candle indicator suggest that the RAMP price could fall.

RAMP has rocketed sharply recently, and unfortunately for investors historic price movements suggest that the market is heading lower.

Now, crystal balls don't exist. We can study what has occurred in the past though. Stack has inspected the previous performance of RAMP (RAMP) under similar conditions to try and determine where prices might be heading.

Specifically, we analyzed 20 past occurrences where the engulfing pattern candle was detected and here is what we found.

Why RAMP's Price Could Move Lower

In summary: we have seen situations like this before.

Over 20 past occurrences, we found that 90% of the time the price increase by a median -27.37% over the following 30 days.

For example, on October 9th, 2021 we saw the indicator and a price move of RAMP move by 0%, only to then move by -8.1% over the following 30 days.

RAMP chart

The chart above shows the historic episodes when this indicator occurred with the price.

What does this mean?

This is only one, data-backed signal, based on a number of previous periods. Lots of factors can affect the price of any investment.

Crypto is no different. Social media, developer activity, the number of exchanges and on-chain activity are all factors that can affect the price of any crypto project. All of these factors are considered when Stack ranks crypto assets.

{If you think that other factors, including the global crypto market, are favorable assuming the suggested 7-day holding period. Then it might be a good trade, or a good entry point for longer term investors. We always suggest you do your own research (DYOR) before making any investments. |It's critical to factor in everything

What other factor might be moving the price of $RAMP?

Lot's of factors can affect the price of any investment. These are just a few that could impact the price of RAMP.

The direction of the broader crypto market

The crypto market is also down by a median -0.6%. Most cryptos are correlated, especially to Bitcoin and Ethereum. So this is likely affecting the price.

Project developments

How active have the developers for RAMP been?

Over the past 4 weeks there have been 0 commits on RAMP's Github account. This compares to an average of 2 commits per week.

Identifying significant changes in developer activity can suggest potential new products being worked on and identify abandoned projects that might be in decline.

Social media

Social media can have a powerful effect on crypto prices. Even a single tweet can move markets.. It can be hard to judge sentiment just by scrolling, but you can use tools like Stack to monitor the growth of a project's followers.

RAMP's Twitter followers have increased by -0% over the past 7 days. You can view stats for other networks in the full report for RAMP.

Important Disclaimer: This material is for informational purposes only. None of the material or any material on the stack.money website should be interpreted as investment advice. Stack does not make any express or implied warranties, representations or endorsements whatsoever with regard to the material or related information. In particular, you agree that Stack and it's owners assume no warranty for the correctness, accuracy and completeness of the material.