📈 Analysis and forecast for $RED on Binance: what’s next? 📉
As of 18:58 EEST, July 10, 2025, the price of $RED on Binance is $0.32, demonstrating an impressive growth of 14.98% over the last 24 hours. This surge reflects the growing interest in the Cosmos-based project Red, which attracts attention due to its innovations in scalability and cross-chain solutions. The increase in trading volume confirms the community's excitement.
Technically, $RED is in a strong uptrend. On the 4-hour chart, the 50-day SMA has crossed the 200-day from below, signaling bullish momentum. The RSI (14) at around 70 is close to the overbought zone, indicating growth potential but requires caution. Key resistance is located at $0.35, a breakout of which may open the way to $0.40. Support is observed at $0.30, with further support at $0.28. Holding above $0.32 supports the current momentum.
Forecast: In the coming days, RED may test the resistance at $0.35, with a chance of rising to $0.40 by mid-July 2025 if the hype continues. By the end of 2025, a rise to $0.60–$0.80 is possible if ecosystem development and TVL growth continue. The long-term outlook for 2030 is $2–$3+, assuming mass adoption and new partnerships. Risks include corrections due to overbought conditions and volatility after such growth. However, Binance's support and the project's unique niche add optimism.
Outlook? A growth of 14.98% and a price of $0.32 are close to the resistance of $0.35. Buying at $0.30 with a target of $0.40 and a stop-loss at $0.28 may be justified. RED stands out due to its integration with Cosmos and listing on Binance, attracting investors. Community activity highlights speculative potential.
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