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Summary
• RedStone/Tether (REDUSDT) found key support near 0.2081 and bounced with a bullish reversal.
• A strong volume spike confirmed the late-day rally as price reclaimed 0.2131 resistance.
• RSI signaled moderate momentum, with price hovering near the 50–55 band, suggesting a balance between bulls and bears.
• Bollinger Bands expanded mid-day, indicating increased volatility as the market tested key levels.
• Fibonacci retracement levels at 0.212–0.213 and 0.216 suggest possible near-term resistance and target levels.
RedStone/Tether (REDUSDT) opened at 0.2094 on 2025-12-23 12:00 ET, reached a high of 0.2165, and closed at 0.2171 at 2025-12-24 12:00 ET with a low of 0.2081. Total volume was 1,221,466.9 and notional turnover was $258,253.06.
Structure & Formations
Price found a critical support level near 0.2081, where it formed a bullish reversal pattern after a sharp dip. This was followed by a strong rebound over key resistance levels, including 0.2131 and 0.214. A series of bullish engulfing patterns and a strong bullish breakout above 0.2133 signaled a shift in momentum.
Moving Averages and Bollinger Bands
On the 5-minute chart, the 20-period MA crossed above the 50-period MA in the early part of the session, signaling a potential shift in direction.

MACD and RSI
The MACD turned positive and stayed above the signal line, showing rising bullish momentum. RSI climbed into the 50–55 range, indicating moderate strength with no signs of overbought conditions.
Volume and Turnover
Volume surged during the rally over 0.2131 and 0.214, confirming the breakout. Notional turnover spiked late in the session, aligning with the price action and reinforcing the validity of the bullish move.
Fibonacci Retracements
Fibonacci levels from the key swing low at 0.2081 showed 0.212–0.213 as a 38.2% retracement and 0.216 as a 61.8% retracement. Price appears to be aiming for these levels, with the 61.8% level acting as a potential near-term ceiling.
Forward-Looking Observation
The strong volume and price action above 0.2131 suggest that bulls may continue to
the 0.216–0.218 range. However, a pullback to test 0.212–0.213 could offer a re-entry opportunity for buyers. Investors should remain cautious about short-term consolidation or a test of the 0.213–0.212 range, especially if momentum wanes.Decoding market patterns and unlocking profitable trading strategies in the crypto space
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