RLC surged straight from 0.36 to 0.97, jumping 65% in 4 hours, with trading volume 1.7 times its market cap. This isn’t the kind of move retail traders can drive.
The key signal is the funding rate—the price has surged, yet the rate is still negative (-0.0665%), which suggests shorts are still getting squeezed and there’s still fuel for the short squeeze.
There’s also a fundamental story here. The iExec mainnet is now live on Arbitrum, and the Nox Protocol (a privacy-computing layer for on-chain finance) has also been deployed on the Arbitrum and Ethereum testnets. It’s transforming into a confidential-computing layer for a multichain ecosystem. RLC has a fixed supply of 87 million tokens, all in circulation, so there’s no risk of sell-offs from token unlocks.
The 0.86–0.90 range is a confluence of support from a pullback to the upper Bollinger Band and the round-number level. Set your stop-loss at 0.79. The first upside target is 0.98, and the second is 1.08.
If you’re already on board, hold tight. If not, wait for a pullback.
#RLC $RLC
The key signal is the funding rate—the price has surged, yet the rate is still negative (-0.0665%), which suggests shorts are still getting squeezed and there’s still fuel for the short squeeze.
There’s also a fundamental story here. The iExec mainnet is now live on Arbitrum, and the Nox Protocol (a privacy-computing layer for on-chain finance) has also been deployed on the Arbitrum and Ethereum testnets. It’s transforming into a confidential-computing layer for a multichain ecosystem. RLC has a fixed supply of 87 million tokens, all in circulation, so there’s no risk of sell-offs from token unlocks.
The 0.86–0.90 range is a confluence of support from a pullback to the upper Bollinger Band and the round-number level. Set your stop-loss at 0.79. The first upside target is 0.98, and the second is 1.08.
If you’re already on board, hold tight. If not, wait for a pullback.
#RLC $RLC