RDNT Experiences Sudden Volume Surge and 7.5% Price Increase

The trading activity for RDNT on the USDT pair exhibits a significant spike in volume, reaching nine times the average over a 15-minute window with 743.06K USDT traded. Despite the substantial trading volume, the selling volume accounts for 386.20K USDT, indicating notable selling pressure. The overall 24-hour trading volume on Binance stands at 7.37 million USDT, and the current price has increased by 7.5% over the day to 0.02463 USDT, reflecting a positive momentum. This surge in volume, combined with the price increase, suggests heightened trader activity and interest. However, the notable selling volume amidst the overall surge may hint at profit-taking or potential resistance levels forming. The low boost score of 1 out of 10 indicates limited confidence or strength behind current upward moves. Overall, this pattern shows active trading and a short-term price rise, but the considerable selling volume amidst an unusual volume spike warrants caution. Traders should watch for further confirming signals before making significant moves, as the market might face some nearby resistance or a potential reversal.