$RED

[Technical Analysis – RED/USDT]

Current Price: $0.3621

24h Change: +12.31%

Volume: 24.01M RED | 8.43M USDT

RED/USDT is showing strong bullish momentum with a clean breakout above recent consolidation. With volume increasing and positive price action on the 4H and 1D charts, the pair is setting up for a continued upward move.

Key Levels & Targets:

Support Zone:

$0.3500 – $0.3590 (previous resistance turned support)

Target 🎯 1: $0.3740

Close to the current 24h high and minor resistance. A test of this level is likely in the short term if bullish momentum holds.

Target 🎯 2: $0.3950

Resistance from a previous swing high on the 4H chart. A breakout above $0.3740 with volume confirmation could push RED/USDT to this level.

Target 🎯 3: $0.4250

Psychological resistance and the next Fibonacci extension zone. Reaching this level would indicate strong bullish continuation and potential new highs in the short term.

Indicators:

RSI: Trending upwards but still below overbought

MACD: Bullish crossover on 1D

Volume: Spiking, supporting upward move

Conclusion:

As long as RED/USDT holds above $0.3500, the trend favors bulls. Watch for a breakout above $0.3740 to confirm continuation towards the higher targets.

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