Redstone Rockets to $0.77 Target Following Upbit Listing Surge
Redstone shatters expectations as Upbit listing fuels meteoric rally toward $0.77 price target—defying another 'sure thing' from the traditional finance crystal ball.
The Catalyst
Upbit's integration sends Redstone's valuation soaring, proving once again that crypto moves faster than legacy systems can regulate.
Market Momentum
Traders flock to the token as it carves through resistance levels—no bureaucratic hurdles, just pure market dynamics at work.
The Price Horizon
That $0.77 target isn't just hopeful speculation; it's where the charts point when adoption outpaces traditional finance's skepticism.
Final Take
While Wall Street analysts scramble to explain the rally, Redstone’s climb highlights crypto’s relentless bypass of conventional gatekeepers—another reminder that sometimes the best investment strategy is ignoring the 'experts'.
- RedStone enters the Korean market with Upbit listing, raising RED trade volumes.
- Korea Blockchain Week events boost RedStone’s visibility to global crypto communities.
- RED futures volume jumps 334%, indicating derivatives-driven speculative momentum.
RedStone (RED) is expanding based on ecosystem catalysts. These consist of its purchase of Credora Network and the listing of the coin on Upbit. The key resistance levels noted by technicals include $0.70 and $0.86. There are also derivatives activities, which indicates the probable retest of $1.00.
New Developments Strengthen RedStone Ecosystem
RedStone has now entered the Korean market through Upbit. Through the RED/KRW pair, trading volume is raised as the token is introduced to one of the largest retail bases in the Asian market.
RED / KRW is available on UpBit
Our team is looking forward to meeting RedStone Miners at KBW and our side events in Seoul including Hyperliquid hackathon, XRP Seoul, Sauna Rave with Kaito & Keplr and more activations.
서울에서 만나요! https://t.co/d5prpbaY3V
This was announced alongside the RedStone community appearance at the Korea Blockchain Week in Seoul. Its team is organizing side events there together with Hyperliquid, XRP, Kaito, and Keplr.
The protocol also bought Credora Network, one of the top DeFi rating agencies. It combines real-time pricing with institutional-grade risk ratings, a new standard in DeFi risk management.
RedStone acquires @CredoraNetwork, the leading DeFi ratings provider.
This changes the status quo for DeFi risk management.
For the first time ever: Real-time pricing + institutional-grade risk ratings under one roof
pic.twitter.com/yxw9Nbx9kd
By joining Credora’s ratings with its own price data, RedStone now offers a tool that helps big investors measure crypto risks more easily. These actions boosted confidence among investors. This, in turn, pushed up trading volumes in both the spot and derivatives markets to unprecedented levels.
RED’s Volatile Price Action
The price action also changed in response to the announcements. RED surged to around $1.01 before it went back to around the $0.64 mark.
The Fibonacci levels point out significant resistance at 0.5 Fib or $0.70 and 0.382 Fib or $0.77. An extended upward push beyond the Fib 0.236 WOULD enable the coin to re-test the $1 high.
The VWAP stands at $0.646 to $0.647. This means that the token is settling at a zone of fair value. The coin needs to hold at this level. Otherwise, it will likely retrace to $0.52 (0.786 Fib).
Fib. and VAWP. Source: TradingView
Momentum Indicators Reaffirm Rally Strength
The 4-hour chart indicated an RSI value of 66, which is close to the overbought range (70). This is a sign of bullishness and even higher gains as long as buyers do not stop purchasing the coin.
The MACD indicator supports this forecast. The MACD line is crossing above the signal line. A strong short-term momentum is represented by the broadening positive bar in the histogram. But traders need to watch out in case the price fails to surpass the next resistance at $0.7.
MACD and RSI. Source: TradingView
Derivatives Data Reveals Market Surge
Coinglass data shows that RED futures volume was up 334% to $1.13 billion. The open interest increased by 13% to $51.67 million, indicating not liquidations, but new positions.
The massive leverage is a further confirmation of speculative interest following ecosystem announcements. If volume continues to remain at the same levels or higher, derivatives trading could drive the RED price higher. It could even rise back to its recent peak of $1.01.
Source: Coinglass
Price Action Is Still Important
Holding above VWAP and $0.62 will be important for the token to break out towards $0.77 and $0.86. Failure to defend these zones could cause the token to drop back to the $0.52 support level. Hence, the RedStone catalysts must match bullish technicals as the token is between consolidation and another breakout attempt.
