finbold.com
The small-cap cryptocurrency Radiant Capital (RDNT) stood out among other cryptocurrencies with a remarkable volume surge, gathering analysts’ attention. In particular, the prominent crypto trader Alan Santana believes in a “fast move” potential that could render up to 200%.
Santana posted the analysis on TradingView on September 2, which featured among the platform’s editors’ picks this Tuesday morning. The analysis calls for the “high volume” surge and maintenance as a leading technical indicator to support its “high potential.”
In particular, Alan Santana is looking at Radiant Capital’s daily price chart versus Bitcoin (BTC) to measure the opportunity against the leader. As shared, the trader has set two ongoing targets: One with 101% gains from his entry point at 0.00000313 BTC and the other with potential 212% gains at 0.00000483 BTC.
Radiant Capital (RDNT) volume surge
Alan Santana explained that the chart has some clear indicators for potentially fast growth and does not require in-depth analysis. Overall, he highlights a bottom pattern with a resistance breakout turning into support, with special attention to the volume.
“This chart is so clear that it hardly needs any explanation. (…) The most important signal of all is the volume… Notice the really high volume on this one.”
– Alan Santana
The exchange volume peak happened on August 29 and, notably, it has sustained in a significantly high level since. Additionally, Finbold gathered data from CoinMarketCap on September 3, showing a sticky high volume to RNDT at $0.09123.
It is notable that the 317th cryptocurrency by market cap currently ranks 47th with a $95.20 million volume. This volume equals 93.85% of Radiant Capital’s $101.55 million capitalization, suggesting a sustained interest from traders and investors.
Social indicators for Radiant Capital (RDNT)
Interestingly, social indicators from Santiment show a growing interest in the project, according to premium data collected by Finbold. Despite that, RNDT still has a relatively low social dominance of 0.163% compared to its trading volume.
This is a potentially good signal, considering that once a peak in social dominance could indicate a price top, with retail getting in at maximum ‘Fear Of Missing Out’ (FOMO), while early investors welcome the liquidity to sell and realize profits.
Nevertheless, Radiant Capital is a cryptocurrency with a small market cap that is still in the discovery phase, requiring caution from investors. Alan Santana also warned about this characteristic, urging traders to “plan before jumping in.”
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk