RLC just went through an insane 7-day move of 118%+. đ„đ
But today, something caught my attention:
The price is cooling â while the volume is still massive. đ
RLC is around $0.78, with roughly $206M in 24H volume.
Thatâs not normal activity for a coin with a market cap around $67M.
đ§ MY TRADER TAKE
Yesterday, everyone was watching the pump.
Today, Iâm watching the reaction.
RLC recently reached around $1.07, then pulled back. â ïž
Thatâs where things get interesting.
đ„ Huge volume
đ Massive weekly move
đ Extreme market attention
⥠Open interest also exploded
Open interest reportedly jumped around 1,760% during the initial move.
But remember: open interest doesn't tell us whether traders are bullish or bearish.
đš THE REAL QUESTION
Can RLC keep attracting serious market activity after the initial hype?
Because a massive pump creates attention.
Holding that attention is much harder.
For me, the next few sessions are more interesting than the original explosion. đ
RLC: temporary hype or a bigger market story? đ„đ
