SniperFx

Archives

  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • September 2022
  • August 2022
  • January 2022
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019

Categories

  • Analysis
  • Bonds
  • Crypto
  • Forex
  • Forex Trading
  • Ideas
  • Investing
  • News
  • Stocks
  • World
Subscribe
SniperFx
SniperFx
  • Bonds
  • Crypto
  • Forex
    • Forex Trading
  • Ideas
  • Investing
  • Stocks
  • World

SmartMoney Trader Makes Quick Profits From RDNT’s Binance Listing

  • admin
  • March 30, 2023
  • Lookonchain tweeted that Binance’s listing of RDNT caused its price to soar 20.5%.
  • According to the tweet, a SmartMoney trader made a quick profit from the listing announcement.
  • RDNT’s price is currently up more than 25% in the last 24 hours.

Lookonchain (@lookonchain) tweeted today that the largest crypto exchange by trading volume, Binance, recently listed Radiant Capital (RDNT) – causing the price of the altcoin to soar 20.5% in a short period of time. According to the tweet, a SmartMoney trader made $29.3K in 5 minutes by merely buying and selling RDNT.

SmartMoney RDNT purchase (Source: Lookonchain)

Furthermore, Lookonchain’s latest thread shared that the trader bought 431,470 RDNT with 150K Tether USD (USDT) at 11:21 (UTC + 8) today, which is a minute within Binance announcing the listing of the token. The trader then sold his holdings for 179.3K USDT after the altcoin’s price soared.

At press time, the price of RDNT stands at $0.4336 following a 24-hour gain of more than 25% according to CoinMarketCap. The altcoin also strengthened against the two crypto market leaders, Bitcoin (BTC) and Ethereum (ETH), by 23.20% and 26.47% respectively.

The daily trading volume for RDNT is estimated to be $64,048,701 at press time. This is an 82.19% rise in the altcoin’s daily trading volume over the last 24 hours.

Daily chart for RDNT/USDT (Source: TradingView)

The price of RDNT is currently in an upward trend after it printed higher lows over the last 2 weeks. Binance’s listing announcement has caused the token’s price to break through the resistance level at $0.3569 to trade at its current level.

However, traders and early investors are already applying some sell pressure to RDNT’s price, as indicated by the wick present above today’s daily candle. Should this sell pressure become too overwhelming for RDNT bulls, then the altcoin’s price could drop to the aforementioned price level at $0.3569 in the next 24 hours.

On the other hand, bulls continuing to provide support to the altcoin’s price could see it tap the resistance level at around $0.4754.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post SmartMoney Trader Makes Quick Profits From RDNT’s Binance Listing appeared first on Coin Edition.

admin

Previous Article

BAND Protocol. Target for price growth 100+%

  • admin
  • March 30, 2023
View Post
Next Article

‘FIFA’ publisher EA to cut 6% of workforce, reduce office space

  • admin
  • March 30, 2023
View Post
You May Also Like
View Post
  • Investing

Analyst $1.25T is a Crucial Resistance for Crypto MarketCap

  • admin
  • April 19, 2023
View Post
  • Investing

‘Biggest mistake’ is not using tax loss harvesting Koinly head of tax

  • admin
  • April 18, 2023
View Post
  • Investing

Circle exec to join US Congressional committee hearing on stablecoin payments, legislation

  • admin
  • April 16, 2023
View Post
  • Investing

Crypto Trader Is Bullish on ADA After Network Activity Rises

  • admin
  • April 15, 2023
View Post
  • Investing

‘Blockchain Tech Should Be Inclusive of All Cryptos,’ Says Ripple CTO

  • admin
  • April 10, 2023
View Post
  • Investing

On-chain Gaming Accounts for 45.6% of dApp Activities in Q1 2023

  • admin
  • April 8, 2023
View Post
  • Investing

Australia cancels Binance’s financial services licence amid probe

  • admin
  • April 6, 2023
View Post
  • Investing

BTC Will Rise to $40K in the Next Few Months, Says Expert Trader

  • admin
  • April 5, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Categories
  • Analysis (33)
  • Bonds (70)
  • Crypto (90)
  • Forex (106)
  • Forex Trading (64)
  • Ideas (57)
  • Investing (61)
  • News (121)
  • Stocks (113)
  • World (200)
Recent Posts
  • ISS backs Toyota shareholder proposal on climate disclosure
  • Gold Prices at Risk of Deeper Correction on Surging Real Yields, USD Strength
  • US Dollar Weekly Outlook Will US Debt Ceiling Deal and Jobs Report Boost DXY Further
  • BTC’s Network Activity Has Started Recovering From Its May Lows
  • USDCHF double three Elliott Wave advance and next blue box area
SniperFx
  • Home
  • About Us
  • Contact
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
Forex & Crypto Updates

Input your search keywords and press Enter.