Red Token (REDTOKEN)
1. Fundamental Analysis
1.1 Introduce
The Red Token ECONOMY project was launched by FIDA, Inc. and TOKYO ESPORTS GATE, Inc..This project aims to create an unparalleled entertainment platform that radiates from the heart of Tokyo to the physical and digital worlds - bringing Japan s gaming spirit to its peers around the world.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | REDTOKEN | Market Cap | 13521.73494048 |
| Name | Red Token | White Paper | -- |
| Web Site | https://red-brand.jp/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 100000000000 | |
| Supply | 100000000000 | Release Date | |
| Available Supply | 6500834106 |
2. Technical Analysis
2.1 Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2025-01-01 | 2.082e-06 | 2.082e-06 | 2.08e-06 | 2.08e-06 | 253.70127525 |
| 2024-12-31 | 2e-06 | 2.207e-06 | 1.909e-06 | 2.125e-06 | 1956.42098176 |
| 2024-12-30 | 2.037e-06 | 2.039e-06 | 1.9e-06 | 2.031e-06 | 1384.77536035 |
| 2024-12-29 | 2.038e-06 | 2.078e-06 | 1.947e-06 | 1.957e-06 | 590.33384973 |
| 2024-12-28 | 2.05e-06 | 2.077e-06 | 2e-06 | 2.004e-06 | 224.7942497 |
| 2024-12-27 | 2.054e-06 | 2.153e-06 | 1.924e-06 | 2.101e-06 | 1227.52646118 |
| 2024-12-26 | 2.13e-06 | 2.13e-06 | 1.94e-06 | 2.054e-06 | 1424.058612 |
| 2024-12-25 | 2.12e-06 | 2.411e-06 | 2.032e-06 | 2.08e-06 | 2471.22157998 |
| 2024-12-24 | 2.12e-06 | 2.302e-06 | 2.032e-06 | 2.121e-06 | 2447.43503219 |
| 2024-12-23 | 2.031e-06 | 2.121e-06 | 2.001e-06 | 2.121e-06 | 571.7706066 |
| 2024-12-22 | 2.25e-06 | 2.25e-06 | 2.038e-06 | 2.038e-06 | 517.00509144 |
| 2024-12-21 | 2.039e-06 | 2.348e-06 | 2.005e-06 | 2.172e-06 | 823.84200681 |
| 2024-12-20 | 2.214e-06 | 2.296e-06 | 1.888e-06 | 2.039e-06 | 2448.40273505 |
| 2024-12-19 | 2.443e-06 | 2.687e-06 | 2.184e-06 | 2.291e-06 | 5262.19494584 |
| 2024-12-18 | 2.533e-06 | 2.799e-06 | 2.437e-06 | 2.531e-06 | 2319.26407981 |
| 2024-12-17 | 2.642e-06 | 2.642e-06 | 2.438e-06 | 2.535e-06 | 1729.03423595 |
| 2024-12-16 | 2.613e-06 | 2.799e-06 | 2.412e-06 | 2.697e-06 | 2297.96053987 |
| 2024-12-15 | 2.7e-06 | 2.746e-06 | 2.535e-06 | 2.632e-06 | 1485.12405368 |
| 2024-12-14 | 2.69e-06 | 2.896e-06 | 2.688e-06 | 2.691e-06 | 2432.93831969 |
| 2024-12-13 | 2.668e-06 | 2.758e-06 | 2.447e-06 | 2.69e-06 | 4295.42286663 |
| 2024-12-12 | 2.797e-06 | 2.966e-06 | 2.666e-06 | 2.666e-06 | 1232.05743146 |
| 2024-12-11 | 2.655e-06 | 2.98e-06 | 2.446e-06 | 2.885e-06 | 2758.54720111 |
| 2024-12-10 | 2.883e-06 | 3.015e-06 | 2.443e-06 | 2.643e-06 | 5013.73328936 |
| 2024-12-09 | 5.311e-06 | 5.699e-06 | 2.318e-06 | 2.888e-06 | 41797.98376244 |
| 2024-12-08 | 3.17e-06 | 5.4e-06 | 3.17e-06 | 5.118e-06 | 8807.70921968 |
| 2024-12-07 | 3.014e-06 | 3.417e-06 | 2.864e-06 | 3.078e-06 | 3242.85483695 |
| 2024-12-06 | 2.552e-06 | 3.189e-06 | 2.552e-06 | 3.117e-06 | 3053.67765322 |
| 2024-12-05 | 2.612e-06 | 2.789e-06 | 2.512e-06 | 2.553e-06 | 3339.86638773 |
| 2024-12-04 | 2.93e-06 | 2.93e-06 | 2.4e-06 | 2.612e-06 | 7241.20011906 |
| 2024-12-03 | 2.77e-06 | 3.528e-06 | 2.667e-06 | 2.929e-06 | 3367.04175836 |
2.2 Analysis
The recent price action shows a period of consolidation following a significant upward surge, marked by high volume on December 9th and 8th. A subsequent pullback indicates potential profit-taking. While short-term volatility is expected, the overall trend suggests a bullish bias in the medium to long term, with potential for further price increases after a period of sideways movement or minor corrections. However, a decisive break below the support level around 2.0e-06 could signal a shift in the trend. Sustained trading above the 2.5e-06 resistance level would strengthen the bullish outlook.
