📊 RAD/USDT Chart Analysis & Prediction 🚀
1. Overview of RAD/USDT Trend 📈
RAD/USDT is showing a strong upward trend, currently trading at £1.079 with a notable 12.57% increase. The 4-hour chart highlights a recent spike to £1.480, followed by a slight pullback to £1.130. This indicates bullish momentum, though the pair may be in a consolidation phase.
2. Key Indicators 🔍
• Bollinger Bands: RAD/USDT is trading near the upper Bollinger Band at £1.235, showing high volatility. The bands have widened, which typically signals increased price action.
• RSI (Relative Strength Index): The RSI(6) is 75.793, indicating overbought conditions. This could suggest potential for a correction or consolidation before another rally.
• MACD: The MACD histogram shows signs of weakening bullish momentum, as indicated by the slight decrease in MACD bars.
3. Support & Resistance Levels 🛠️
• Support: Strong support lies at £1.048. If price corrects, this level could be a good area to watch for a potential bounce.
• Resistance: The recent high at £1.480 acts as a major resistance. If this level is broken, it could signal another rally.
Doc’s Prediction 🔮
Given the current indicators and bullish sentiment, RAD/USDT could aim to test £1.220 in the short term if it sustains momentum. However, watch for potential consolidation around £1.130 before a breakout attempt towards higher levels.
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