Is It Too Late To Buy RED? RedStone Price Skyrockets 45% And This Might Be The Next Crypto To Explode

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RedStone Price
RedStone Price

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The RedStone price skyrocketed 45% in the last 24 hours to trade at $0.7997 as of 09:20 p.m. EST on trading volume that surged 283% to $324 million.

RedStone Price On A Sustained Upward Trajectory

The RED price chart analysis on the 4-hour timeframe shows an overall bullish momentum following a previous period of consolidation.

The RedStone price has experienced a strong upward movement, pushing it past key Fibonacci retracement levels.

A significant breakout from support around $0.50 has led to a price surge toward $0.80, with resistance forming near the 0.382 Fibonacci retracement level at $0.9794. There is also a previous high at $1.46, which could act as a strong resistance point if the momentum continues.

The 50-day Simple Moving Average (SMA) at $0.5638 has been tested as support multiple times, indicating that the market is respecting this trendline. The SMA is curving upwards, reinforcing the bullish trend.

Meanwhile, the Relative Strength Index (RSI) is currently at 72.29, signaling overbought conditions. This suggests that the price of RED may face some short-term pullbacks as traders take profits.

However, RSI above 70 does not necessarily mean an immediate reversal. If RSI remains above 60, it could sustain the bullish trend.

The Moving Average Convergence Divergence (MACD) line (0.0677) is above the signal line (0.0367), which confirms bullish momentum.

RedStone Price Chart

RED/USDT Chart Analysis (Tradingview)

RED Price Prediction

According to the RedStone price analysis, the price trend remains bullish as long as $0.6828 holds as support. If the price of RED consolidates above this level and volume remains strong, we could see a push toward $0.98 and potentially $1.46 in the coming sessions.

However, with the RSI in the overbought zone, there is a likelihood of a short-term pullback. A retracement to $0.68 or even $0.56 (50-day SMA) would provide healthy re-entry opportunities before another bullish leg.

Meanwhile, investors are piling into a new Bitcoin-themed meme coin called BTC Bull Token (BTCBULL), which will give token holders free Bitcoin.

99Bitcoins, a prominent YouTube channel with over 725k subscribers, says BTCBULL has the potential to soar 10X after launch.

BTC BULL Token Presale Amasses Over $3.65 Million – Next Crypto To Explode?

BTC Bull Token is making headlines after the project smashed the $3.6 million mark in a month since its presale launched.

Every time the price of Bitcoin hits a new milestone, the BTC Bull project will reward holders with BTC airdrops. 

The first airdrop comes when the BTC price hits $150k, followed by airdrops for every additional $50,000 increase in the price after that.

A huge BTCBULL Token airdrop also awaits the strongest hodlers when BTC hits $250,000, weighted by the participant’s Community Sale purchase amount.

Also, each $25,000 upward move in Bitcoin’s price triggers a $BTCBULL token burn, starting at $125k. Fewer tokens in circulation mean greater scarcity, thereby strengthening the price outlook for $BTCBULL.

$BTCBULL holders can earn passively through the project’s staking platform, which offers a massive 118% annual percentage yield (APY).

Investors interested in participating in the presale can visit the official BTC Bull website to buy BTCBULL tokens for $0.00241 each using BNB, ETH, USDT, or a bank card.

Buy before a price hike in less than 30 minutes.

Check out BTC Bull Token here.

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