Last secret altcoin: Radicle (RAD)

RAD has been in an accumulation phase for the last 2 weeks. This consolidation period is likely an accumulation before a strong breakout for the altcoin price. RAD has traded between $1,220 and $1,520 over the past 2 weeks. However, it is possible for RAD to finally break out of this horizontal channel. At press time, the altcoin price was trading above the 9-day EMA line, which is a technical indicator that acts as a resistance level.

It is important that RAD maintains a position above the 9-day EMA line for the next 3 days. In this case, it may have the support needed to overcome the upper level of the current consolidation channel. After that, RAD needs to close a daily candle above $1,520. If this happens, traders are likely to view this as a bullish event. Then, it is possible for the RAD price to rise to $1,960 in the next few days. On the other hand, if the altcoin price falls below the 9-day EMA line in the next 48 hours, the bullish thesis will be invalidated. This is likely to cause RAD to seek support at $1,220 in the coming days.

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