RedStone Coin Price Prediction: What’s Next After Binance & MEXC?

RedStone Crypto Price Prediction: Binance & MEXC Listing Impact on RED

RedStone (RED) Gains Traction After Binance Listing

RedStone (RED), a modular blockchain oracle supporting over 1,250 assets across 70+ chains, has captured the crypto market’s attention. Binance, the world’s leading cryptocurrency exchange, has officially announced its listing of RED, marking its 64th Launchpool project. However, despite initial bullish sentiment, the RED price dropped 7.20% to $0.7850 following Binance’s announcement, sparking speculation about its future trajectory.

With trading set to begin on March 6 at 13:00 (UTC), market participants are keenly watching whether RED will regain momentum or see further declines.

Binance Listing Details and Market Impact

Binance will list RED with the following trading pairs:

RED/BTC

RED/USDT

RED/USDC

RED/FDUSD

RED/TRY

Deposits opened on March 6 at 10:00 (UTC), while withdrawals will commence on March 7 at 13:00 (UTC). The exchange has applied a Seed Tag, signaling potential high volatility due to the project’s new nature.

Meanwhile, another major exchange, MEXC, has also listed RED in its Innovation Zone & Convert Zone, further boosting exposure. However, liquidity requirements must be met before trading starts on March 6 between 12:45 and 13:00 (UTC).

RED Price Analysis: Is This a Pump-and-Dump Scenario?

RED’s price surged initially but has since experienced a sharp correction, leading to concerns over a possible pump-and-dump pattern. According to the 30-minute Binance RED/USDT chart:

Relative Strength Index (RSI): Currently at 57.83, indicating neutral momentum—neither overbought nor oversold.

MACD Indicator: Shows minimal divergence, suggesting weak bullish momentum.

Support Level: Key support at $0.75-$0.77—holding this range could trigger a short-term rebound.

Resistance Level: Upside targets lie between $0.85-$0.90 in the short term.

Potential Downside: Failure to hold support may push RED towards $0.70 or a new all-time low.

Circulating Supply Concerns and Volatility Risks

One key factor influencing price movements is the circulating supply. Initially capped at 40 million tokens, the supply will surge to 280 million upon Binance’s spot listing. This sharp increase in availability could induce short-term sell pressure, increasing volatility.

High demand and sustained investor interest in top-tier centralized exchanges (CEXs), however, could propel RED to new all-time highs if market sentiment remains bullish.

RED Price Forecast: Both Short- and Long-Term Perspective

Short-Term Prediction March 2025: A bounce toward $0.85-$0.90 is feasible if the $0.75-$0.77 support holds.

Failure to hold could lead to a decline to $0.70 or lower

Long-Term Forecast (Q2 2025 & Beyond): 

RED may reach $1.20–$1.50 by the middle of 2025 if it is widely adopted and sustains interest.

However, the trajectory will be greatly influenced by macroeconomic trends, Bitcoin price action, and market conditions generally.

Final Thoughts: Should You Buy RED Now?

Before acting, investors should monitor trading volumes, support levels, and general market sentiment. With better support from centralized exchanges, the long-term growth potential appears encouraging, even though the increase in supply following the listing may cause short-term volatility.

If you’re a high-risk trader looking to capitalize on volatility, RED could present an opportunity. However, for long-term investors, waiting for price stabilization and confirmed demand trends may be the better approach.

Source: TradingView