Many of these formations happening across the market at the moment given the recent bullish shift in sentiment thanks to btc etc.
RDN is a great project with many future prospects and the team is currently completing an asian tour (ethtour.asia) which in my opinion may generate more interest/volume from these markets, especially considering there is much upside movement to come for rdn.
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post the dip on 25th April primarily due to the BTC pull back and recovery, support for RDN has managed to push the price back up within the a) bull flag and b) the uptrend channel line.
Will continue to hold and watch how this plays out. Also a good opportunity to enter or bag some more at current levels.
RSI healthy (approx 60 range) and macd look healthy.