RedStone (RED) has dropped to A break above the 9-day EMA and On March 14, the modular oracle RedStone rolled out out the DRILL program, aiming to reward early adopters and accelerate the growth of the RedStone ecosystem by allocating 4.5% of the total RED token supply to core users. The announcement triggered a surge in the token’s price, reaching However, after peaking on March 16, RED has plunged into a clear downtrend. It has been trading below the 9-day exponential moving average since March 20. Volume has also been tapering off. The price is currently hovering around RedStone has erased all of its recent gains from the last major update, entering a period of consolidation as the market awaits the next catalyst.
