The recent price movement of RED has been quite interesting. Let’s review its performance: at the end of February, during pre-market trading, it surged aggressively from 0.2 all the way to 1.4—a 7x increase—but with low circulating supply. After that, it followed the broader market in a correction, dropping back to 0.23 in June, then saw a 5x rebound. Now it’s returned to the key level of 0.23 and has currently bounced back to around 0.27.

From a technical perspective, the team behind RED is quite strong. Latest data shows they manage over $3.5 billion in assets, with $1.5 billion in RWA (real world assets). More notably, RED’s oracle has just gone live on the Monad mainnet, which is a critical timing.

The modular sector hasn’t really taken off yet, and RED has been consolidating and accumulating above 0.2 for half a month, with clear signs of strong hands controlling the price. Personally, I think the current level around 0.27 could be a good entry point for some allocation, with an initial target of 0.3-0.4. If the modular sector picks up steam, a move above 0.5 isn’t out of the question. Of course, investment carries risk—this is just for reference.