$RED /USDT
Current Price: $0.5168 (+18.02% in 24h).
24h High: $0.6473 | 24h Low: $0.4360.
The coin rebounded strongly from the recent low near $0.3594, signaling a potential trend reversal.
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Moving Averages
MA(7): 0.4623 → Price is trading above the short-term MA, showing bullish momentum.
MA(25): 0.5533 → Slightly above the current price, acting as resistance.
MA(99): 0.4213 → Price is well above long-term MA, indicating strength.
➡️ Crossing above MA(25) would confirm continuation of an uptrend.
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Volume
Volume has surged significantly (41.9M RED traded in 24h), suggesting strong buying interest and accumulation.
Spikes in volume confirm that this move is supported by market activity, not just weak volatility.
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RSI (6)
RSI is 60.4, climbing from oversold levels.
Still below the overbought zone (70+), meaning there is room for further upside before a correction.
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Support & Resistance Levels
Immediate Support: $0.46 – 0.47 (near MA7).
Strong Support: $0.36 (recent bottom).
Resistance 1: $0.55 (MA25).
Resistance 2: $0.65 (recent high).
Major Resistance: $0.86 – $1.19 (previous rally peak).
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Trend Outlook
Short-term trend: Bullish, price recovering from downtrend with high volume.
Medium-term trend: Needs breakout above $0.55–0.65 zone to confirm reversal.
Long-term trend: Neutral, still below major resistance levels seen in earlier spikes.
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Conclusion
RED/USDT shows renewed bullish momentum with strong volume and RSI recovery.
As long as it stays above $0.46 support, upside potential towards $0.55–0.65 is strong.
Breaking $0.65 could open the way to $0.86+.
Caution: If rejected at $0.55, price may retest $0.46 or even $0.36.
📊 Trading Strategy:
Bullish scenario: Buy on dips above $0.46 with targets $0.55 → $0.65 → $0.86.
Bearish scenario: If price falls below $0.46, wait for $0.36 support to hold before re-entry.