Radix | XRDRadix has kicked off 2023 with an impressive performance, as evidenced by XRD’s recent surge that conspicuously stood out atop the cryptocurrency charts.
This surge can be attributed to the rollout of Babylon RCnet, which is Radix’s latest milestone release, incorporating novel features and capabilities for both developers and users.
The price of Radix is $0.059 today with a 24hour trading volume of 10 million dollar. This represents a 15% price increase in the last 24 hours and a 35% price increase in the past 7 days
Radix is a layer 1 smart contract platform that started from the problem of how to decentralize the HKEX:400 trillion global financial system and worked backwards from that objective.
December was a momentous month for Radix, as it marked the launch of the highly-anticipated Babylon Betanet. This development served as an ideal launchpad, paving the way for an exciting start to 2023. with six promising projects accepted onto the 12-week program, the Radix ecosystem is poised to receive a significant boost that could prove to be immensely valuable in the long run.as the calendar flipped to February, the Radix team hit the ground running, not only to get the grant program projects up and running but also to participate in the Scrypto DeFi Challenge. With Scrypto as the native language for Radix developers, they had the opportunity to compete for a slice of the 50,000 $ prize pool.
Radix
XRDBTC ready for 9x(?)As you can see here, Radix - Bitcoin (XRDBTC) is in a huge falling wedge. A falling wedge is a bullish pattern. After years of waiting it will now probably/maybe(!) breakout. Radix delivers great tech and is therefore a very interesting L1 solution for DEFI.
Check the RSI, which is now in the 80-20 zone.
When you look at the yellow dotted lines you can see the potential when it will break-out.. DYOR!
Radix bottomingThere is a hugh triangle forming for XRDUSD. There is also a big line of support. Even on the XRDBTC-pair. XRDBTC is forming a big falling wedge, which is a bullish pattern. Low on the RSI as well..
This all, together with the request from the Radix community for listing the (e)XRD-token on Binance this can be a big opportunity for Radix to go significantly higher. Radix is still great technology and has a relative small market cap..
Radix higher lowsAs you can see on the chart Radix is slowly but steady making higher lows. Also en declining line of resistance.. The XRDBTC shows a multi-year descending triangle (check my idea at XRDBTC).
The project has also launched a couple of bullish actions based on the #breakout2024 "project" as you can read here www.radixdlt.com
Nice and bullish actions if you ask me.
$EXRD / $XRD HopiumHumans struggle to comprehend exponential curves, but the history of crypto has shown that the log chart it is the only rational TA method for mature projects.
If Radix were to match the market cap of Solana CRYPTOCAP:SOL , its price would be ~$7.50. Radix's superior tech, narrative, and ecosystem could 10x that, and at the apex of the bull market 5-10x that again.
Therefore, we are giving a price target of ~$200 before the end of the year, with Bitcoin at $400k by the same analysis.
XRD RADIXI'm bullish on XRD. After the recent lows, it should explode in a few days or weeks if BTC continues to perform well.
Bullish divergence on the RSI in the weekly chart.
I took a position between 0.038$ and 0.039$, i think bottom is here or near.
I also like the fact that XRD is completely under the radar right now, no one is talking about it anymore even though the project continues to evolve in the good direction.
Radix (XRD)Radix is a layer 1 smart contract platform built to create a Web3 based on Scrypto programming language. Anyway, it seems XRD is about to repeat the previous pattern; a descending curved triangle pattern break upward. If successful, XRD can start a new upward wave. Let's see what happens.
Radix XRD USDT Looks Bullish for Short TermXRD Looks bullish for short term as it had Market structure shift on Daily TF and Tapped on Daily FVG as well.
On H4 It looks like AMD Model Where we have accumulation first (Blue) then Manipulation (Red) and Now i am expecting Distribution to the Upside for Buy side Liquidity.
Targets are marked with red lines.
Let's see how it plays out.
if you like my idea hit the boost/like button :-)
NOT A FINANCIAL ADVICE it's for educational purposes only.
Radix waking up!? (Ultimate)Hi.
I was supposed to put out this analysis a few days ago. Sorry about that.
I have been waiting for a while for this $0.05 to break.
Many price suppression levels are broken, if we do close above $0.05 .
-Vertical trendline (red arrows)
-Lowering trendline (blue arrows
Both have shown many times their importance , by how price has reacted to them.
First resistance $0.0556-0.058, after that $0.74, $0.11, and $0.14.
I am waiting for higher prices. Smart Contracts went "online" 2 months ago and TVL is just about to hit 20 Million!
TON demonstrated staggering speed on 104k TPS , which is claimed to be the fastest blockchain in the world.
This has woken up the Radix community and founder Dan Hughes to break the 104k record and previously demonstrated over 1 mil TPS on Radix
I wrote a small post on X week ago, about Radix's progress after Babylon Update . I suggest you check it out, but be careful if you deep dive on XRD! You might experience #RadixRevelation!
This is the only Crypto project which I did accumulate on the bear market. I Have had a close eye on it.
This is not a financial advice!
XRDUSD Major bullish break-out.We last looked into Radix (XRDUSD) back in April, giving an accurate sell signal (see chart below) upon the 0.1200 Resistance rejection, hitting both of our 0.0700 and 0.0550 targets:
The price made today the first major bullish break-out since April, breaking above the Lower Highs trend-line, as well as the 1D MA50 (blue trend-line). It is testing now the 1D MA200 (orange trend-line) as a Resistance for the first time in a month but the key level to break will be the 1D MA100 (green trend-line), which had a clear technical rejection on Kuly 14 that made the Lower Low.
At the same time, the 1D RSI also broke above its Lower Highs trend-line, giving an additional buy signal, so if the candle breaks above the 1D MA100, we will buy the final confirmation and target 0.08600 (just below the 0.5 Fibonacci level).
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Radix is down at the support lineAfter a major swing upside, Radix is coming down to the support level. On the daily it's likely(!) you will see positive divergence on the RSI in the upcoming hours/days.
Even the cup-and-handle formation is still in charge to be formed although it will be take longer then I primarily thought it would take to create. A lot depends on how the whole economy and crypto-market will develop.
Radix cup and handle formation(?)In my opinion it seems Radix has started forming a cup-and-handle formation. It's very early to predict the pattern so let's (wait and) see what the price will do the upcoming weeks. When the pattern is confirmed it's definitely a bullish sign. Then you can draw a line from the bottom of to the upper part of the "cup". Take that distance and put it at the point of the outbreak to see what's the target. When I'm doing this calculation, XRDUSD token-price has a target of approximately $0.23.
We'll see what the future will bring us. I'm still saying that much will depend how the whole crypto-market, especially BTC, will develop in the (near) future. That will be the leading indicator for the altcoins, like Radix, as well. Purely looking at the Radix project; I'm very bullish for the long term
XRDUSD falling wedgeAfter a huge price increase XRDUSD is now forming a falling wedge. It was wildly overbought. It must calm down what happend because the whole crypto market had a cool down period. As said the pattern is a falling wedge which is a bullish sign. Much will depend how the whole crypto market reacts of it will breakout to the upside or downside...
XRDUSD Don't be fooled by this riseRadix (XRDUSD) is on a strong rise in the past five days. However, unless it closes above the 0.1200 Resistance, it is more likely to seek Support on either the 1D MA50 (blue trend-line) or the 1D MA200 (orange trend-line) before making a new High. That is because based on the 1D RSI, the current 5 day rise may be similar to the dead cat bounce on February 15 and December 15.
If however it closes above the Resistance, this pattern gets invalidated and we will buy, targeting the Higher Highs trend-line at 0.2000.
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