Radix Platform RDX Works Cuts 15% of Workforce
Workforce Reduction: RDX Works, the team behind the Radix DeFi platform, has cut 15% of its staff to lower operational costs and refocus efforts after launching its mainnet in July 2023, reflecting challenges in the competitive crypto market.
Market Stability: Despite the layoffs, the Radix ecosystem token (XRD) has shown stability with a slight price increase, although it remains significantly down from its all-time high, while the company also announced a new strategic partnership aimed at enhancing liquidity within the network.
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Technical Analysis for XRD
Technical Sentiment Analysis for Radix (XRD). As of , Radix (XRD) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for XRD stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, XRD is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Radix (XRD) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000832 | 0.00126 | 0.0016 | 0.00203 | 0.00237 | 0.00279 | 0.00313 |
| Fibonacci | 0.00126 | 0.00155 | 0.00173 | 0.00203 | 0.00232 | 0.0025 | 0.00279 |
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