{"id":635790,"date":"2025-03-16T10:20:25","date_gmt":"2025-03-16T10:20:25","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=635790"},"modified":"2025-03-16T10:20:25","modified_gmt":"2025-03-16T10:20:25","slug":"is-it-too-late-to-buy-red-redstone-price-skyrockets-45-and-this-might-be-the-next-crypto-to-explode","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/sponsored\/is-it-too-late-to-buy-red-redstone-price-skyrockets-45-and-this-might-be-the-next-crypto-to-explode","title":{"rendered":"Is It Too Late To Buy RED? RedStone Price Skyrockets 45% And This Might Be The Next Crypto To Explode"},"content":{"rendered":"

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.<\/span><\/p>\n

RedStone Price On A Sustained Upward Trajectory<\/b><\/h2>\n

The <\/span>RED price<\/span><\/a> chart analysis on the 4-hour timeframe shows an overall bullish momentum following a previous period of consolidation.<\/span><\/p>\n

The RedStone price has experienced a strong upward movement, pushing it past key Fibonacci retracement levels.<\/span><\/p>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

However, RSI above 70 does not necessarily mean an immediate reversal. If RSI remains above 60, it could sustain the bullish trend.<\/span><\/p>\n

The Moving Average Convergence Divergence (MACD) line (0.0677) is above the signal line (0.0367), which confirms bullish momentum.<\/span><\/p>\n

\"RedStone<\/p>\n

RED\/USDT Chart Analysis (Tradingview)<\/span><\/i><\/p>\n

RED Price Prediction<\/b><\/h2>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

Meanwhile, investors are piling into a new Bitcoin-themed meme coin called <\/span>BTC Bull Token (BTCBULL)<\/span><\/a>, which will give token holders free Bitcoin.<\/span><\/p>\n

99Bitcoins, a prominent YouTube channel with over 725k subscribers, says BTCBULL has the potential to soar 10X after launch.<\/span><\/p>\n