Red(red)market reviews and price predictions
Red market statement for 2023-01-31
Yesterday the price of red stood at $0.002. The market capitalization of the asset was $205 982. Red’s volatility was established at 3.6%. The trading volume of the coin reached $13 803.
Red prognosis for the next days:
We estimate the price of Red to be $0.002 tomorrow 2023-02-03 and $0.002 on 2023-02-09;
We estimate the market capitalization of Red to reach $232 468 tomorrow 2023-02-03 and $225 125 on 2023-02-05;
We estimate the volatility of Red to become 7.15% tomorrow 2023-02-03 and 6.8% on 2023-02-05;
We estimate the trading volume of Red to amount to $14 142 tomorrow 2023-02-03 and $14 437 on 2023-02-05.
Our recommendation for the pair RED/USD for tomorrow, 2023-02-03, to buy.
The January 25 - 31 market report: Red plunges by 11% as sellers apply more pressure.
The price of Red was falling last from January 25 until January 31, giving enough reason to conclude that the market is. The situation on the RED market shows that the underlying asset is currently experiencing a period of medium volatility. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.
Red lost 8% in the period January 24 - January 30 as a result of selling pressure.
The analysis of last week’s price action shows that the Red market is in the phase since the price has been moving downward. The situation on the RED market shows that the underlying asset is currently experiencing a period of medium volatility. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.
The buyers controlled the Red market between January 22 and January 28 as the price grew by 9%.
The price of Red was rising last from January 22 until January 28, giving enough reason to conclude that the market is bullish. RED has been going through a period of medium volatility, which fell in line with the occurred price changes. The price action on the coin's market translated to the growth of market capitalization. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.
The bulls muster more strength as Red rises by 21% from January 20 to January 26.
The upward movement of the Red price last week indicates the chosen market is bullish. The situation on the RED market shows that the underlying asset is currently experiencing a period of medium volatility. The market capitalization of the asset has been increasing in concert with the price of the coin. The price action of the crypto coin last week took place on the back of increased trading volume.
Red exploded by 16% in the period of January 19 - January 25 as the buyers got an upper hand.
The analysis of last week’s price action shows that the Red market is in the bullish phase since the price has been moving upward. The volatility of RED has been medium throughout the reviewed period in correspondence with the price action. The price action on the coin's market translated to the growth of market capitalization. The price action of the crypto coin last week took place on the back of increased trading volume.
A 9% price increase last week (January 18 - January 24) confirms the bullishness of Red.
Red has been bullish last week as its price has been predominantly rising. The volatility of RED has been medium throughout the reviewed period in correspondence with the price action. There has been a rise in the market capitalization of the asset during the period under review. The price action of the crypto coin last week took place on the back of increased trading volume.
A 6% price increase last week (January 16 - January 22) confirms the bullishness of Red.
The price of Red was rising last from January 16 until January 22, giving enough reason to conclude that the market is bullish. RED has been going through a period of medium volatility, which fell in line with the occurred price changes. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
Red retraces by 5% in the period January 14 - January 20 as the market turns slightly bearish.
The behavior of Red last week was characterized by the occurrence of downswings. RED has been going through a period of low volatility, which fell in line with the occurred price changes. The asset saw its market capitalization falling over the reviewed period together with its price. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
Red lost 6% in the period January 13 - January 19 as a result of selling pressure.
Red has been last week as its price has been predominantly falling. The volatility associated with the RED market was low, as were its price fluctuations. The asset saw its market capitalization falling over the reviewed period together with its price. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.
January 13 - January 19 price action review: Red goes down by 6%.
The analysis of last week’s price action shows that the Red market is in the phase since the price has been moving downward. The volatility of RED has been low throughout the reviewed period in correspondence with the price action. There has been a fall in the market capitalization of the asset during the period under review. The price action of the crypto coin last week took place on the back of decreased trading volume.