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While the bad outlook continues in the cryptocurrency market, RDDNT, which has attracted attention with its rise in the last few days, started the day with a 3.8 percent increase. Bitcoin price could not maintain the 63 thousand dollars it gained last week and is traded below 59 thousand dollars, while Ethereum continues the day in the 2500 dollar band. The cryptocurrency market is experiencing declines after Bitcoin rose to 64 thousand dollars last week. So will RDNT be able to maintain this strong stance? Let’s look for an answer to the question in the RDNT technical analysis.
RDNT Technical Analysis
RDNT continues the day with a 4 percent increase, while the value of the cryptocurrency is close to 0.085 dollars. Although many cryptocurrencies have declined in value after the sharp declines in Bitcoin, RDNT remains strong.
When we examine the support and resistance zones in RDNT, the $ 0.065 band, which the price also reacts to, serves as a critical resistance. However, the first resistance is the $ 0.086 band, while the support zone is $ 0.08.
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This downtrend in the cryptocurrency sector could deepen if Bitcoin loses the 58800 support. The $ 59200-60000 resistances to be gained in Bitcoin could bring a positive stance back to the market.
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