Current Breakout Status
Breakout Peak & Rejection: RAD experienced a strong bullish surge from its low of 0.261 up to a 24-hour high of 0.436. However, it faced immediate rejection at 0.436 and is now in a strong pullback phase.
Current Price: 0.356 (Down significantly from the peak of 0.436).
Moving Average Alignment:
Price has dropped below MA(7) (0.377) and MA(25) (0.395), signaling short-term bearish momentum.
It is currently approaching the MA(99) support line at 0.345. Analysis & Outlook
Volume Decline: The initial breakout spike saw heavy volume, but volume has decreased significantly during the sell-off/consolidation phase.
Bullish Scenario: For the breakout momentum to resume, price needs to hold above 0.345 (MA(99)) and reclaim 0.395 with strong volume. A breakout above 0.436 would confirm the next leg up.
Bearish Risk: If price breaks below 0.345, it indicates the breakout has completely failed, likely leading to further downside retracement toward the 0.291 - 0.261 demand zone. $RAD
#ETHUp70%InQ3ButLiquidityFalls
Breakout Peak & Rejection: RAD experienced a strong bullish surge from its low of 0.261 up to a 24-hour high of 0.436. However, it faced immediate rejection at 0.436 and is now in a strong pullback phase.
Current Price: 0.356 (Down significantly from the peak of 0.436).
Moving Average Alignment:
Price has dropped below MA(7) (0.377) and MA(25) (0.395), signaling short-term bearish momentum.
It is currently approaching the MA(99) support line at 0.345. Analysis & Outlook
Volume Decline: The initial breakout spike saw heavy volume, but volume has decreased significantly during the sell-off/consolidation phase.
Bullish Scenario: For the breakout momentum to resume, price needs to hold above 0.345 (MA(99)) and reclaim 0.395 with strong volume. A breakout above 0.436 would confirm the next leg up.
Bearish Risk: If price breaks below 0.345, it indicates the breakout has completely failed, likely leading to further downside retracement toward the 0.291 - 0.261 demand zone. $RAD
#ETHUp70%InQ3ButLiquidityFalls
