RedStone Partners with Kalshi to Bring Real-World Betting on Chain, Featuring Taylor Swift and Rate Cuts
Integration of Prediction Market Data: RedStone has partnered with Kalshi to integrate event-driven market data across over 110 blockchains, enhancing access to real-world prediction data for decentralized applications (DApps).
Regulated Market Expansion: Kalshi, regulated by the CFTC, recently raised $300 million to expand its prediction markets globally, with initial focus on events like elections and interest rate decisions.
Potential Use Cases in DeFi: The integration is expected to facilitate the use of decentralized finance (DeFi) primitives, such as derivatives and lending markets, leveraging tokenized market positions for accurate pricing and liquidation.
Mainstream Adoption of Prediction Markets: As prediction markets gain recognition, they are seen as a potential first DeFi tool for mass adoption due to their simplicity and accessibility compared to more complex financial products.
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Technical Analysis for RED
Technical Sentiment Analysis for RedStone (RED) As of , RedStone (RED) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for RED 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 stock.
Support, Resistance & Moving Averages From a structural perspective, RED 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 $-.
RedStone (RED) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0719 | 0.112 | 0.154 | 0.195 | 0.237 | 0.277 | 0.319 |
| Fibonacci | 0.112 | 0.144 | 0.163 | 0.195 | 0.226 | 0.246 | 0.277 |
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