AI Analysis: $RED/USDT

Entry Price: 0.300–0.325
Target Price:

- TP1: 0.360
- TP2: 0.400
Stop Loss: Below 0.280

Reasons to Buy:

1. Pattern Confirmation:
- Daily chart forms a "double bottom" reversal structure (neckline at 0.360), bottom depth 0.08 (0.280-0.360)
- Measured increase = bottom depth × 1.618 = 0.129 → Target Price 2 = 0.280 + 0.129 = 0.409 (rounded to 0.400)
2. Trend Structure:
- Weekly chart breaks above the 2024 downtrend line (0.400→0.360), price stands above MA(50) 0.315
- RSI(14)=68 (overbought but strong), MACD red bars expand, indicating increasing bullish momentum
3. Market Sentiment:
- "Panic selling—laddered absorption" volume-price pattern observed in the 0.300–0.320 range
- Closing price has held above 0.300 for 5 consecutive days (historical support + Fibonacci 50% retracement level)
4. Indicator Validation:
- OBV indicator hits a new high in 2024, showing capital inflow
- Funding rate +0.325% (positive for 8 consecutive days), futures open interest surpasses $320 million
- On-chain data: exchange net outflow of 120 million tokens, whale holdings up 42%

This content is for reference only and not investment advice.