$RDNT 4% 24-hour price gain appears driven by remediation progress for its 2024 hack and bullish technical momentum.
Proactive hack compensation plan (7 July 2025) rebuilds trust
RSI (73) signals overbought risk despite bullish MACD crossover
30% weekly surge outpaces BTC’s +9.8% market-wide gain
Deep Dive
1. Primary catalyst
The 7 July 2025 release of Radiant DAO’s hack remediation roadmap marked a turning point:
Outlined compensation for $53M October 2024 exploit victims
Detailed upgraded security protocols (e.g., multi-sig enhancements)
42% spike in 24h trading volume to $19.9M confirms renewed interest
This follows months of depressed sentiment after two 2024 breaches, with RDNT still down 75% from its 2023 peak.
2. Technical context
The rally shows momentum but faces overextension risks:
RSI 7-day at 73.22 (overbought threshold: 70)
Price ($0.0242) trades above both 7-day SMA ($0.02006) and EMA ($0.02076)
MACD histogram flipped positive (+0.000485) on 11 July, first bullish signal in 3 weeks
Next resistance at Fibonacci 23.6% retracement ($0.0231) breached – now eyeing $0.0247 swing high
3. Market dynamics
While BTC dominance holds at 63.9%, RDNT’s 30% weekly gain suggests alpha:
Outperformed DeFi sector’s +12% median return (7d)
Fear & Greed Index at 69 (“Greed”) supports risk-taking
Low Altcoin Season Index (27/100) implies move is coin-specific vs. sector rotation
Conclusion
Radiant’s price rebound reflects guarded optimism about its security overhaul, amplified by technical traders chasing momentum – but RSI warnings and whale-controlled 87% supply (CMC data) demand caution.
Can RDNT sustain gains if Bitcoin dominance keeps climbing above 64%?