RedStone (RED) Rises 23% Following Major Announcements
RedStone (RED) Update
Currently trading at $0.5882, RED has increased by 23% in the past 24 hours, with a market capitalization of $164 million.
Key Announcements
- Secured as the primary oracle provider for Securitize, facilitating on-chain transactions with tokenized securities.
- New staking incentives announced for RED holders via EigenLayer (EIGEN).
- Listed on Coinbase and Bitvavo exchanges.
- Official Day 1 oracle partner for Hemi testnet and mainnet.
- Anticipation of a listing on Binance.
Price Outlook
The MACD line indicates bullish momentum, but remains in negative territory. The RSI is at 55, suggesting slight bullishness without overbought conditions. Key resistance levels are projected around $0.63–$0.65, while potential support may drop to $0.50 if selling pressure increases.