$RDNT is trying to hold a key intraday support zone.
On the 5m chart price has pulled back from the 0.0138–0.0150 area and is now sitting right on top of the prior demand around 0.0120. This level has already acted as a reaction low once today, and the latest candle shows buyers starting to step in again after another test of the same zone. If RDNT can stabilise here and build a small base above 0.0120–0.0121, it keeps the door open for a recovery back into the middle of the range and potentially a retest of the 0.0132–0.0136 region shown in your projection.
Summary:
Important support retest at 0.012… buyers beginning to defend the level… continuation to the upside becomes more likely if this zone holds and price starts printing higher lows.
RDNT
0.01178
-14.76%
