$RED Network/USDC Analysis

The current price is 0.8248 USDC, with a +42.90% in the last 24h. It is in a strong upward trend.

📈 Bullish Scenario

Key Resistance: 0.88 - 0.90 USDC

If it breaks 0.90 USDC with volume, it could rise to 1.00 - 1.10 USDC

Moving Averages:

MA7 (0.7136) → Price is above, confirming upward trend

MA25 (0.5885) → Dynamic support, indicates that momentum is strong

📉 Bearish Scenario

If it fails to break 0.88 USDC, it could correct to 0.75 - 0.72 USDC

If it loses 0.70 USDC, the correction would be deeper, seeking 0.60 - 0.55 USDC

📌 Indicators

MACD: Confirmed bullish crossover, continues with positive momentum

Volume: Strong increase, supporting the rise

RSI: Not visible in the image, but it is key to check if it is overbought

📌 Conclusion and Strategy

If you already have an entry: Hold as long as there is no strong rejection at 0.88 - 0.90 USDC

If you are looking to enter: Wait for confirmation above 0.90 USDC or a pullback to 0.75 USDC

Stop Loss: 0.72 USDC (to avoid sharp declines)$RED