$RDNT has experienced a significant decline of 6.486% over the past 24 hours, with trading oscillating between 0.01601 and 0.02487. Currently, the price hovers near strong support at 0.01601 while facing resistance at 0.02599, indicating a weak downtrend. The Bollinger Bands suggest tight volatility, potentially leading to sharp price movements. Macroeconomic factors, including uncertainty surrounding inflation data and regulatory developments, may further influence investor sentiment. Despite Bitcoin's ambiguous influence on RDNT at this time, traders should consider a short-term trading strategy to manage potential volatility, as the market remains susceptible to downward pressures. Key takeaway: tight Bollinger Bands coupled with a strong support level presents potential trading opportunities amid overall bearish sentiment.

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