Loving this sell off on RDDT -
RDDT (Reddit, Inc.) has experienced a steep decline after a strong rally, and is currently trading around $110.44. The chart highlights a significant gap zone between approximately $85 and $105, suggesting a potential gap-fill.
SOLO Price Prediction: The analysis predicts that once this gap is filled, RDDT could continue its downtrend toward a major support level at $14.50. This bearish outlook implies substantial downside risk, with the $14.50 level acting as a long-term target for price correction.
RDDT (Reddit, Inc.) has experienced a steep decline after a strong rally, and is currently trading around $110.44. The chart highlights a significant gap zone between approximately $85 and $105, suggesting a potential gap-fill.
SOLO Price Prediction: The analysis predicts that once this gap is filled, RDDT could continue its downtrend toward a major support level at $14.50. This bearish outlook implies substantial downside risk, with the $14.50 level acting as a long-term target for price correction.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.