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The Ready To Fight price has surged 36% in the last 24 hours to trade at $0.1811 as of 7 p.m. EST.
CoinMarketCap describes RTF as “the first SocialFi app for the $10 billion boxing industry led by Oleksandr Usyk and powered by the WBC [World Boxing Council], in strategic collaboration with Riyadh Season (and backing from the Saudi Arabian government) and the Saudi Arabia Boxing Federation.”
The project aims to bring together the 50 million boxing community and merge it with Web3.0.
Ready To Fight Price Continues The Rally Above Within A Rising Channel
After a prolonged consolidation phase, the price of RTF found anchor support on the $0.1210 support zone, helping the bulls propel the price to the $0.1970 resistance level within a rising channel.
RTFUSDT Analysis. Source: Tradingview.com
Despite a recent correction by the bears, the bulls are poised to drive the price higher to push the price above the $0.1970 mark, indicating a bullish trend continuation.
The daily technical indicators paint a bullish picture for RTF. The price is currently trading above the 50 and 200 simple moving average (SMA), indicating support for the RTF upward trajectory and reinforcing general bullish market sentiment.
The MACD line is above the signal line, and a green histogram indicates growing investor interest.
Moreover, the Relative Strength Index (RSI) indicates a rebound from the midline level of 50, indicating strong buying pressure for the RTF price.
Ready To Fight Price Could Reach $0.5 Soon
If the upward trend continues, RTF could reclaim the resistance level at $0.1970. This sustained increase in its price suggests it might hit a $0.5 new high soon, marking a significant recovery in its market value.
Conversely, if RTF struggles to surpass this crucial resistance, it might face a downturn. The $0.1454 mark would become a crucial support level in such a scenario.
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