RedStone (RED) is currently trading at $0.6401, having dropped by 5.93% over the period of the past 24 hours. Trading volume has also dropped, volume going down to as low as $179.35 million, a sharp 72.05% decline from the preceding immediate session. Although briefly down, RED has achieved a 32.45% rise over the past week, regaining investor optimism after its recent breakout.
Traders see RED’s increase follow a period of extended consolidation, in which the token stayed around resistance levels prior to breaking to greater heights. The breakout has made RED one of the more-watched digital coins in initial September trading sessions.
Crypto analyst CryptOpus has pointed out how RED managed to cross its resistance line and trigger a gigantic uptrend. According to his analysis, the long position achieved maximum returns of over 222% from the initial entry.
CryptOpus is upbeat, recommending those holding to continue managing in a trailing stop-loss position. Analyst proceeded to warn that investors might consider looking at creating exposure again if RED’s price dips into the $0.52-$0.55 range, a region regarded as a suitable re-entry point.
The analysis is based on confidence in RED’s direction in the medium term, assuming investors refrain from short-term correction.
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According to DigitalCoinPrice prediction, RED could exceed $1.41 by the end of the year, possibly breaking its previously achieved high of $1.46. Analysts detail that in case the market keeps its strength, the token can stabilize somewhere between $1.30 and $1.41, and that would be a great rebound from its current level.
On the other hand, Coincodex predicts a weak future for September 2025. The price stands to fall to just over $0.52, ranging from $0.45 to $0.65. The token may thus be highly volatile in the near future. The future, however, is bright in the long term. Traders stand a chance of achieving almost 29.5% return on short sales.
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