Dappradar (RADAR) price has become hot once again as altcoin pumped 60.5% in a single day. The sudden price surge in the RADAR coin came after weeks of sideways price action. The latest analysis reveals that there is still a key resistance on the chart that the price needs to reclaim as soon as possible.
The positive Dappradar price action comes on a day when BTC price faced rejection from the $27,000 level. Most of the other altcoins turned red on Tuesday as they await the next Bitcoin move. At press time, RADAR is trading at $0.01 after rising 53.5% in the past 24 hrs.
The exact reason for the recent RADAR crypto price surge is still unknown. The coin is still unavailable on major centralized exchanges. In the past 24 hrs, the total trading volume across all the exchanges remained $3.5 million. Coingecko shows that most of the trading volume came from OKX, Sushiswap, and Crypto.com.
There is a very high probability that the ongoing Dappradar price pump is due to market manipulation. Such flash pumps often don’t last long and retrace within days. Only time will tell the credibility of the recent bullish push.
The following RADAR coin chart reveals that the price has faced rejection from the key psychological level of $0.001. This is also a huge resistance on the daily timeframe, which was once a strong support zone.
Dappradar price prediction will become extremely bullish if it breaks above the $0.01 level in the coming days. A lot depends on Bitcoin’s ability to break above $28,000. The higher likelihood is for the price to get rejected from the $0.01 once again. Only a reclaim of this resistance can change my longterm bearish outlook on the digital asset.
In the meantime, I’ll keep sharing updated Dappradar (RADAR) price analysis and my personal trades on my Twitter where you are welcome to follow me.
This post was last modified on Jun 20, 2023, 10:55 BST 10:55