$RDDT Up 12.54% – Is Reddit Finally Making Money?"
$RDDTUSDT is up 12.54% today to $177.97, with a high of $184.27. Reddit is finally showing it can monetize its massive user base!
My Analysis:
· Support: $174.00 (today's low)
· Resistance: $184.27 (today's high) – if it breaks, $190 is next
· MA5: $177.20, MA10: $176.62, MA30: $175.43 – price is above all, strong bullish signal
· MACD is still negative but DIF is above DEA – bullish crossover approaching
· Catalyst: Reddit's Q2 earnings beat expectations, and ad revenue is growing
My Take: Reddit is a long-term winner. The 12.54% gain toda