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- Radix price went on to $0.65 level at the time of the bull run last year(2021), speculations regarding XRD’s recovery surround the token.
- The crypto asset has fallen below 20, 50, 100, and 200-days Daily Moving Average.
- The pair of XRD/BTC is at 0.00000251 BTC with an intraday drop of 7.13%.
Radix price has been falling towards its grave since the start of 2022. The token showcased its potential while being in the bull run last year, and it hiked till $0.65, and the crypto asset kept on losing its value since then. XRD coin price is trading presently at its all time low, and XRD seriously needs to attract buyers this time as it’s now the question of its existence in the future. Radix investors have been waiting for a bullish rally for so long. Radix price is presently trading inside a falling wedge over the daily chart. Radix bulls tried to accumulate to register the token’s breakout but failed before. But this time XRD coin is trading in a make-or-break situation, so this time bulls must sustain to register the token’s breakout.
Radix price is presently CMP at $0.075 with an intraday drop of 4.43%. However, trading volume has increased by 88% in the intraday trading session. This shows that bulls are trying to accumulate themselves, but they need to increase the accumulation rate. Bears are still in the game as they tighten their grip over XRD token. Volume to market cap ratio is 0.001316.
XRD coin price is declining through a falling wedge pattern over the daily price chart. The token is trying to attract more buyers as it’s currently in a make-or-break situation. XRD bulls are trying to accumulate, but the accumulation is at a low rate and needs to grow exponentially to register the XRD coin’s recovery phase. However, volume change can be seen below average and needs to grow rapidly for XRD to escape the falling wedge pattern.
Support on the lower end is at $0.065 and resistance on the higher side is at $0.095.
Will XRD Bulls Make it or Break it?
XRD coin price got stuck inside a falling wedge pattern. The token falters to gain the desired uptrend momentum. XRD is trying to gain the attention of buyers and fighting for its existence. Radix investors have been waiting for the token’s recovery phase as the token fell below 20, 50, 100 and 200-days Daily Moving Average. Technical indicators suggest a make-or-break situation as the token is trading just above the oversold territory. Moreover, supertrend forecast XRD coin’s bearish momentum inside the falling wedge.
Relative Strength Index showcases that XRD is about to be oversold over the daily chart. MACD exhibits the downtrend momentum of XRD coin. The MACD line is heading towards the signal line for a negative crossover. Radix investors need to wait for any directional change over the chart.
Conclusion
Radix price has been falling towards its grave since the start of 2022. The token showcased its potential while being in the bull run last year, and it hiked till $0.65, and the crypto asset kept on losing its value since then. XRD bulls are trying to accumulate, but the accumulation is at a low rate and needs to grow exponentially to register the XRD coin’s recovery phase. The token falters to gain the desired uptrend momentum. Technical indicators suggest a make-or-break situation as the token is trading just above the oversold territory. Radix investors need to wait for any directional change over the chart.
Technical Levels
Support Level: $0.065
Resistance Levels: $0.095
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
