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RDNT Price Soars After Binance Listing

Discover how Binance's listing of Radiant Capital (RDNT) led to a significant price surge and quick profits for traders.
Published on 2023-03-30

Binance Listing Boosts RDNT Price

Binance, the leading cryptocurrency exchange, recently listed Radiant Capital (RDNT), resulting in a remarkable 20.5% price increase. This rapid surge has captured the attention of traders and investors, marking a significant event in the altcoin market.

SmartMoney Trader Profits

A notable trader capitalized on this listing by executing a strategic buy and sell of RDNT. This trader acquired 431,470 RDNT with 150,000 Tether USD (USDT) moments after the listing announcement. Within minutes, the trader sold the holdings for 179,300 USDT, securing a profit of $29,300.

RDNT Market Performance

At present, RDNT's price stands at $0.4336, reflecting a 25% increase over the past 24 hours. Additionally, RDNT has shown strong performance against major cryptocurrencies, strengthening by 23.20% against Bitcoin (BTC) and 26.47% against Ethereum (ETH). Trading volume has also surged, with a daily volume of $64,048,701, marking an 82.19% increase.

Technical Analysis

RDNT's price trend remains upward, having established higher lows over the past two weeks. The Binance listing pushed the price past the $0.3569 resistance level. However, current sell pressure suggests potential price adjustments. If this pressure intensifies, RDNT could revisit the $0.3569 level. Conversely, sustained bullish support might propel the price towards the $0.4754 resistance.

Conclusion

The Binance listing of RDNT has not only elevated its market value but also presented profitable opportunities for savvy traders. As the market reacts, investors should remain vigilant, conducting thorough research to navigate potential risks effectively.

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