RedStone (RED)

RedStone is the fastest-growing oracle and the only major player offering Actively Validated Services with Restaking. Also, RedStone is the oracle leader in the yield-bearing assets sector, covering LRTs, LSTs, and stablecoins like Ethena or Elixir.

1. RED Basic Info

2. RED Technical Info

2.1 RED Kline Chart Price

2.2 RED Technical Analysis

Bearish trend continuation.
Short-term price stabilization around 0.45-0.47.
Potential for a minor bounce, followed by further decline.
Resistance levels at 0.48, 0.50 and 0.55.
Support levels at 0.44, 0.42 and 0.40.
Increased volatility expected.
Consider short positions with tight stop-losses.
Overall negative sentiment prevails.
The downtrend is likely to persist in the coming weeks.
Monitor trading volume for confirmation.
Prepare for possible further declines towards 0.40.
Expectation of consolidation before any significant upward movement.
Caution advised for long positions.

3. RED News Info

3.1 RED News List

• 20250312
  Coinbase to List RedStone (RED) 📈
• 20250307
  HashKey Global launches RedStone (RED) perpetual contract, with zero transaction fees 📈
  Auros Global is one of the market makers for RED 📈
  Data: Over 2.5 million RED airdrops have been claimed, and only 53 addresses have received over 1,000 RED airdrops 📈
• 20250306
  Binance will launch RED U-based perpetual contracts 📈
  Binance Finance, One-click Coin Purchase, Flash Exchange, Leverage, and Contracts will be launched on RedStone (RED) 📈
  Binance postpones RedStone (RED) trading start time 📈
  Binance will continue to list RedStone (RED) 📈
  RedStone adjusts the selection process and distribution of RED airdrops 📈
  RedStone: An additional 2% of the total RED tokens will be allocated to missed community members 📈
  Binance will suspend listing of RedStone (RED) 📉
  RedStone has opened RED token airdrop and staking 📈
  MEXC has launched RedStone (RED) spot, contract, flash exchange and Airdrop+ activities 📈
  Gate.ioOpen RED contract trading event, with a prize pool of up to 20,000 USDT 📈
  Bybit will launch RED/USDT spot trading pair 📈
• 20250305
  RedStone has opened airdrop enquiries and can be claimed at 20:00 on March 6 📈
  Gate.ioRedStone (RED) spot trading will be launched for the first time 📈
  MEXC will soon launch RedStone (RED) spot, contract, flash exchange and trading activities 📈
• 20250303
  Coinbase International will launch the Redstone (RED) pre-launch market 📈
  RedStone (RED) is trading at $1.232 in the Binance pre-market 📈

3.2 RED News Analysis

The market sentiment surrounding RedStone (RED) is overwhelmingly bullish, despite some minor setbacks. Extensive exchange listings and the introduction of various trading instruments like perpetual contracts, spot trading, and flash exchanges across multiple platforms indicate strong institutional and retail interest. Airdrop programs and staking opportunities, alongside community-focused adjustments, further incentivize participation. The concentration of airdropped tokens among a small number of wallets suggests early adopter advantage. The consistent and widespread adoption across major exchanges like Binance, Coinbase, and Gate.io signals a high likelihood of RED achieving significant market capitalization and sustained price growth in the near future.