Latest RateX (RTX) Price Analysis

Deep Dive

1. Market Correction (Bearish Impact)

Overview: Crypto’s total market cap fell 4.88% amid extreme fear sentiment (CMC Fear & Greed Index at 18), triggering broad altcoin liquidations. RTX’s high correlation with market swings amplified losses.
What this means: As a mid-cap altcoin, RTX faces outsized pressure during risk-off events. Its 24h volume surged 8.33% to $17.6M, confirming panic selling rather than organic demand.

2. Technical Pullback (Bearish Impact)

Overview: RTX faced resistance at its $2.76 pivot point after rallying 57% in 90 days. The RSI (14-day: 57.47) cooled from near-overbought levels (64.97 on 7-day), signaling exhaustion.
What this means: Short-term traders likely took profits near the $2.67–$2.78 Fibonacci resistance zone, accelerating the drop. The MACD’s bearish crossover (-0.046 vs signal -0.087) hints at further downside.
What to look out for: A close below the 50% Fib level at $2.67 could target $2.57 (61.8% retracement).

Conclusion

RTX’s dip reflects market-wide stress and technical profit-taking after sharp gains. For traders, the $2.67 Fibonacci level is critical for near-term sentiment.
Key watch: Can RTX hold $2.67 support amid today’s $768M+ Bitcoin liquidations?