#RDNT Anslysis

By Kashif Ejaz

Your RDNT/USDT chart shows a strong bullish breakout:

Key Observations:

1. Price Surge:

Current price: 0.0363 USDT

24h High: 0.0428 USDT

24h Low: 0.0294 USDT

+22.22% increase in 24 hours, showing strong momentum.

2. Volume Spike:

Trading volume has significantly increased, indicating high buying pressure.

3. RSI (Relative Strength Index):

RSI(6): 91.35 (Overbought)

RSI(14): 79.16 (Overbought)

RSI(24): 69.90 (Near Overbought)

These suggest the asset is overbought, meaning a possible short-term correction before another move.

Where Is It Going?

If buying pressure continues, RDNT/USDT could test or exceed 0.0428 USDT.

If sellers start taking profits, it might pull back to 0.033–0.030 support before resuming an uptrend.

Trading Strategy:

For Long Positions:

Wait for a pullback around 0.033–0.030 USDT before entering.

Target: 0.040–0.045 USDT if momentum continues.

For Short Positions:

Look for rejection near 0.040–0.043 USDT with confirmation of selling pressure.

Target: 0.033–0.030 USDT.