$RED
USDT – Bullish Momentum Testing Local Highs 📈
Current Price: $0.4649 (+13.47%)
24h Range: $0.4013 – $0.4699
Volume: $2.04M USDT (Strong activity)
MA60: $0.4597 (price trading above – bullish signal)
Market Insight:
RED has rallied sharply from $0.4013, approaching the $0.4700 resistance zone. Price is holding well above MA60 with short-term MAs pointing upward, indicating sustained buying momentum. RSI is nearing 70, so overbought risk is creeping in, but momentum remains in favor of the bulls.
Key Levels:
Support: $0.4600 / $0.4500
Resistance: $0.4699 → $0.4800
Indicators:
MACD: Strong bullish momentum
RSI: ~69 — watch for overbought signals
Volume: Above average, confirming buyers’ dominance
Bullish Setup:
Entry Zone: $0.4600 – $0.4650 (on minor dips)
TP1: $0.4699 (recent high)
TP2: $0.4800 (next target)
Stop Loss: Below $0.4500
Bearish Risk:
If price fails to break and hold above $0.4700, a pullback to $0.4500–$0.4450 is possible.