RLC, the old-timer, really made a move today.
It was still grinding at 0.36 this morning, then shot up to 0.55 in one go this afternoon—a 51% gain in a day. In four days, it climbed from 0.36 to 0.58, with volume jumping straight from the millions to the hundreds of millions. 1.83 million trades—that’s money flowing in, not just retail sentiment.
That’s the beauty of old coins: nobody pays attention to them most of the time, then everyone rushes in when they start rising. When a coin like RLC has unchanged fundamentals but its chart suddenly explodes, it’s often a sign that institutions are building positions.
But if you’re chasing the rally, keep one thing in mind: there are plenty of underwater holders between 0.55 and 0.58. It’s easy to bounce back up, but not so easy to hold those levels. Whether this move can produce a second wave depends on whether today’s candle can hold above 0.53.
Hold above it, and we’re in the main uptrend. Fail to hold, and it’s a bull trap.
$RLC
It was still grinding at 0.36 this morning, then shot up to 0.55 in one go this afternoon—a 51% gain in a day. In four days, it climbed from 0.36 to 0.58, with volume jumping straight from the millions to the hundreds of millions. 1.83 million trades—that’s money flowing in, not just retail sentiment.
That’s the beauty of old coins: nobody pays attention to them most of the time, then everyone rushes in when they start rising. When a coin like RLC has unchanged fundamentals but its chart suddenly explodes, it’s often a sign that institutions are building positions.
But if you’re chasing the rally, keep one thing in mind: there are plenty of underwater holders between 0.55 and 0.58. It’s easy to bounce back up, but not so easy to hold those levels. Whether this move can produce a second wave depends on whether today’s candle can hold above 0.53.
Hold above it, and we’re in the main uptrend. Fail to hold, and it’s a bull trap.
$RLC
