New week in
#crypto,
the
#Radix $XRD chart is looking strong! We closed above $6.50 cents on the weekly which confirmed the trend reversal. In other words, the chart says: "The bottom is in!". The buying power was even so strong that we gained multiple levels including the one at $7.21 cents.
However, after strong increases we should also expect a retracement or a longer sideways movement. If we take a look at the daily chart, we can see that
$XRD perfectly retested the $7.21 and went higher meaning the uptrend is still active. The crypto market is volatile, so everything can change quickly. That's why the best decision is to always DCA (dollar cost average) instead of trying to time the market.
Major achievements of the past week:
✅
$XRD 7d price increase of 70,1%
✅ High visibility as the top performer (1h, 24h, 7d)
✅ 24h Volume strongly increased
✅
#Babylon update set to July 31st 2023
✅
$XRD tweets skyrocketed on
@Twitter
It's a good time to be a
#Radix investor. We suffered for so many months of downwards price action so that the current uptrend feels amazing. We now have a final date for Babylon which will enable extremely powerful smart contracts and add the new wallet which is a game changer for onboarding mainstream.
Have a nice week!