Reddit (RDDT) – Daily Analysis

Reddit (RDDT) – Daily Analysis

RDDT is respecting the bullish structure perfectly. Price bounced strongly from the demand zone (160–175) and is now pushing upward along the red bullish trendline.
The green bearish trendline was broken to the upside, and the retest held, confirming a shift back into bullish momentum.
Right now, price is heading directly toward the major resistance level at 286.98, which is the next key liquidity area where previous buyers/sellers interacted heavily.
Why upside momentum is favored:
Bullish trendline intact: Price is respecting both red ascending trendlines, showing strong structure support.
Break of green bearish line: Confirms bearish momentum is over and bulls are back in control.
Clean path to 287: No major resistance between current price (236) and 286.98.
Market structure forming higher lows: Classic continuation pattern.
Likely Scenario
As long as price remains above 220–225, RDDT is expected to continue this bullish leg toward the 286.98 target zone.
Invalidation
A daily close below 200 would signal trendline break and weaken the bullish outlook.
Summary
Reddit is showing strong bullish continuation after breaking the bearish trendline. The structure supports a likely push toward 287 in the upcoming sessions.
— Avo.Trades.