$RED
The price initially consolidated before making an upward move to 0.6854, showing bullish strength.
A retracement followed, but strong support was found near 0.6200, leading to another consolidation phase.
This consolidation indicates potential accumulation, suggesting buyers are preparing for a move higher.
Based on the pattern, a breakout from this consolidation could trigger a bullish rally.
If resistance is broken, the price is likely to regain momentum and continue upward.
