RED/USDT is currently experiencing a pullback after facing rejection at $0.6360, following a brief consolidation phase. The price dipped to $0.5838 but has since stabilized around $0.5998, suggesting that selling pressure is weakening. Despite the short-term downtrend, this pullback appears to be a healthy retracement rather than a prolonged decline, potentially setting up for a stronger upward move.

With the recent rejection acting as a liquidity grab, buyers may soon regain control, pushing the price back toward resistance levels. If bullish momentum builds, a break above $0.6360 could trigger a rally, confirming an uptrend. Traders should watch for increasing volume and price stabilization above key support levels, signaling a potential bullish reversal.

#RED #bullish