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The Retardio price surged 38% in the last 24 hours to trade at $0.172 as of 8:59 p.m. EST on trading volume that skyrocketed 139% to $15.9 million.
Retardio Price Indicators Show A Sustained Bullish Rally
The Retardio price is moving upwards within a clear ascending channel. This indicates a bullish trend. The price has respected the lower trendline multiple times and continues making higher highs and higher lows, with $0.054 providing notable support.
Currently, the price of Retardio is crossing above the channel’s upper boundary, which could signal some potential upsurge. If it breaks above the channel, this could indicate strong bullish momentum, but there is also a chance of a pullback or consolidation near this level.
The Retardio price trades above both the 50-day and 200-day Simple Moving Averages (SMAs), which supports the continued rally.
The Relative Strength Index (RSI) is at 75.40, which is in the overbought zone (above 70). This suggests that the asset could be overextended and due for a short-term correction or sideways movement. However, in strong uptrends, RSI can stay overbought for extended periods before a pullback.
Furthermore, the Moving Average Convergence Divergence (MACD) shows a bullish crossover. The MACD line (blue) is above the signal line (orange), and both are in positive territory. This confirms bullish momentum, and the histogram is increasing, indicating that buying pressure is still growing.
RETARDIOUSDT Chart Analysis (Source: Tradingview)
Retardio Price Prediction
According to the RETARDIO/USDT chart analysis on the 4-hour timeframe, the Retardio price is currently on a sustained bullish rally, with major indicators, including the RSI and MACD showing positive momentum.
If the bulls continue pushing the price of Retardio up, RETARDIO could surge even further above, as the bulls target the next possible resistance at $0.25.
Conversely, the RSI now shows that Retardio is now overvalued. This could be a selling signal for the bears. In such a scenario, the Retardio price could plunge back to the $0.10 support (50-day SMA).
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