$RLC — breakdown from range, buyers under pressure
Price action
$RLC is trading near 0.698, down -4.0% on the day
Intraday high: 0.730
Intraday low: 0.694
What’s happening
Price has been grinding lower after failing to hold above the 0.72–0.73 area. The move below short- and mid-term moving averages shows weak demand and fading momentum. Sellers are in control for now, and the market is testing a key support zone where reactions matter.
Key levels to watch
Support
0.690–0.695 zone (local demand and short-term floor)
0.670–0.660 zone (next major support if this level breaks)
Resistance
0.715–0.720 zone (previous range support turned resistance)
0.735–0.745 zone (strong supply area)
Trend
Bearish in the short term
Structure favors sellers unless price reclaims key levels with strength
Trade idea (If / Then)
If price holds above 0.69 and forms a base, a relief bounce toward 0.72 is possible
If price loses 0.69 cleanly with volume, continuation toward 0.66–0.67 becomes the higher-probability path
Right now this is a patience zone. Let price prove strength before trusting longs — weakness here keeps the pressure firmly on the downside.
