RateX ($RTX) is the star of Binance Alpha today! After its highly anticipated appearance on December 19, the token has shown explosive momentum, rising by over +73% in the last 24 hours to reach a new high of $3.15.
📈 Technical Analysis (current chart):
Price Stage: The psychological resistance at $3.00 has been broken.
Momentum: The Relative Strength Index (6) is at 88.3, indicating strong bullish strength. Although this suggests overbought conditions, it highlights the significant buying pressure coming from the Binance Alpha community.
Support level: Watch the $2.84 level (SAR indicator) as immediate support if we see a healthy correction.
Why is the trend leading?
Solana yield strength: As a decentralized trading platform for leveraged yield trading on Solana, it fills a massive gap in the DeFi ecosystem.
Alpha exclusive: Appearing on Binance Alpha provided early access and massive liquidity (currently ~$1.62M on-chain).
Low initial supply: Only 16% of the total supply of one billion is in initial trading, making it a highly volatile candidate for a "moon launch."
🎯 Price prediction:
With $3.00 now acting as a floor, the path to $4.00 and $5.00 has begun to open. If current buying volume persists, we could see a test at $3.50 before the next daily close.
Are you holding or waiting for a dip? Let's discuss below! 👇
#RTX #Write2Earn #writetoearn #Write2Earn #WriteToEarnUpgrad
