RNDT is testing the weekly support level, indicating a good entry point. Additionally, signs suggest a Spring event within an Accumulation schematic may be underway, adding to the bullish sentiment. Volume indicators (CMF and MFI) are also at the bottom.
I buy and hold RNDT for several months, with a mid-term target set at around $0.5 and a long-term target above $1. A stop loss at -20% from the entry price is needed to manage risk effectively. It's worth noting that the market capitalization of this cryptocurrency stands at $94 million at the current price.
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
---- About RNDT -----
The Radiant DAO aims to consolidate fragmented liquidity across multiple lending protocols and chains into a unified cross-chain protocol. Through its Dynamic Liquidity (dLP) mechanism, RDNT emissions are incentivized only to users providing utility to the protocol. Radiant's Omnichain Money Market enables seamless asset deposit and borrowing across chains, addressing DeFi inefficiencies. Its V2 launch represents DeFi 3.0, emphasizing sustainability and utility over high-emission governance tokens. By capturing platform fees in blue-chip assets and integrating with LayerZero and the Stargate stable router interface, Radiant seeks to enhance the DeFi ecosystem and provide a smoother user experience.
הערה:
I closed this trade and wait for RNDT to reclaim the $0.2 to reopen.
עסקה פעילה:
Trade active. RNDT reclaimed the range's low