$RED just fired a sharp upside move, snapping a long period of heavy consolidation and pulling in fresh momentum from traders watching the lows.
Current price is 0.3245, up a strong +22.78%, with an intraday high of 0.3888 and low of 0.2621.
The move is backed by spiking volume, showing clear demand returning after months of downside pressure.
Key Levels
Support: 0.262, then 0.237 — the zone where buyers recently defended aggressively.
Resistance: 0.397 short-term, and 0.487 as the bigger breakout level.
Trend
Macro still bearish, but today’s price action hints at a potential trend shift if follow-through volume continues.
Trade Idea
If $RED holds above 0.30, bulls may attempt another run toward 0.397 and possibly 0.48.
If it falls back under 0.262, momentum fades and price may slide back into the old accumulation channel.
Main point:
$RED just delivered a strong breakout candle, and the next sessions will reveal whether this is true trend reversal or just a volatility spike.
