$RED Here's the latest technical update for RED/USDT (1-hour Binance chart):
๐ Price Overview
Current Price: $0.4209 (+7.45%)
24h High / Low: $0.4214 / $0.3510
PKR Equivalent: ~Rs 119.24
๐ Technical Indicators
MA(7): 0.3906 โ (Price is trading above all moving averages)
MA(25): 0.3726 โ
MA(99): 0.3781 โ
โ Bullish crossover occurred โ short-term MA(7) has crossed above MA(25) and MA(99), signaling a strong uptrend.
๐ MACD Indicator
MACD Line (0.0069) has crossed above the Signal Line (-0.0007)
Histogram is turning green and expanding
โ Bullish momentum building, with increasing buyer strength.
๐ Volume Analysis
24h Volume (RED): 11.21M
24h Volume (USDT): 4.34M
โ Volume is rising sharply during the breakout, supporting the rally's strength.
๐ฎ Outlook & Key Levels
LevelSignificance$0.4232Short-term resistance$0.4510โ0.4600Next breakout target zone$0.3900Nearest support (MA7)$0.3720โ0.3780Strong support zone (MA25 + MA99)
โ ๏ธ Conclusion
RED/USDT just broke out of a consolidation phase with strong volume and a bullish MACD crossover. As long as price holds above $0.3900, momentum favors further upside. Watch for potential resistance at $0.4230โ0.4300, and a breakout above this may push toward $0.45+ in the next 4โ8 hours.
Let me know if youโd like the 4-hour or daily chart update as well.
bye now ...