- Bullish momentum prevails in the RAD market.
- MACD line trend suggests continued RAD bullishness.
- Stochastic RSI shows strong positive momentum in the market.
Despite a bearish hand visible in the early hours, bullish momentum has prevailed in the Radicle (RAD) market in the last 24 hours. Due to the bull-bear battle, RAD prices moved between $3.25 and $4.31 as support and resistance levels. The bulls were still in command at publication, prompting a 27.92% gain to $4.19.
During the upturn, market capitalization and 24-hour trading volume increased by 27.89% and 5.08%, respectively, to $208,518,330 and $131,592,540. If bullish strength breaks over the $4.31 barrier, the next level to monitor is $5.00.
However, if the bears seize control and push the price below the current support level of $3.25, the next support level to watch is $2.50.
RAD/ USD Technical Analysis
With a reading of 0.2457881, the MACD line is trending above the signal line, indicating that Radicle bullishness may continue. This pattern indicates that purchasing momentum is building, giving traders optimism for a sustained bullish advance. Adding to the bullish trend, the histogram produces positive bars, indicating more purchasing pressure.
The stochastic RSI value of 76.59 in RADUSD suggests strong positive momentum, indicating that the market will likely continue to rise.
This level is a good indicator for investors hoping to profit from the present market circumstances. Traders may consider taking profits or employing a stop-loss plan to safeguard their gains if the market enters the overbought zone.
Radicle (RAD) cryptocurrency shows bullish momentum with MACD and Stochastic RSI, indicating a potential for continued growth in the market. Traders should consider taking profits or implementing a stop-loss plan if the market enters the overbought zone.
