Technical analysis by Frosty55 about Symbol XRD on 5/21/2024

With multiple points of support #Radix #XRDUSD seems ready to breakout higher.When we're zooming in you can see higher lows, multiple lines of support and resistanceOn the 1Hr and 4Hr timeframe you can see the price is breaking out of the (first) line of resistance, ready to move up higher1HrEven took a look at Defilama where you can see the TVL has bottomed and the TVL is increasing: defillama.com/chain/Radix Take also in mind the Radix foundation has made steps to list XRD to Binance. Interesting times for Radix if you ask me :-)What's also possible, XRDUSD is in a upside channel see the blue dotted lines:A falling wedge is forming (yellow dotted lines) on the 'Daily':PPff.. what a bloodbath for all the ALTS, so also Radix! XRD highly oversold.. Hopefully it will quick recoverAfter the high's of march this year, XRDUSD is now forming a falling wedge which is a bullish pattern: