RLC just went through an insane 7-day move of 118%+. ๐ฅ๐
But today, something caught my attention:
The price is cooling โ while the volume is still massive. ๐
RLC is around $0.78, with roughly $206M in 24H volume.
Thatโs not normal activity for a coin with a market cap around $67M.
๐ง MY TRADER TAKE
Yesterday, everyone was watching the pump.
Today, Iโm watching the reaction.
RLC recently reached around $1.07, then pulled back. โ ๏ธ
Thatโs where things get interesting.
๐ฅ Huge volume
๐ Massive weekly move
๐ Extreme market attention
โก 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.
๐จ 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. ๐
RLC: temporary hype or a bigger market story? ๐ฅ๐
