$RLC 24h rose +32.65%, with trading volume of 365.3M. It went from 0.6463 straight up to 1.087 in one go, then pulled back to 0.8931. Let me state the conclusion first: this is a classic liquidity sweep, not a trend start.
On-chain, during the pump, the buy-side order book depth was extremely thin. A few big orders pushed the price up. At the 1.087 level, there was a pile of sell orders waiting to unload. At 0.89, the price is now stuck in the middle—can’t move up, can’t move down. The number of real holding addresses hasn’t increased in sync. This kind of volume-price divergence is something I’ve seen too many times.
From the low of 0.6463 to now, the swing amplitude is close to 38%. This volatility is a meat grinder for spot traders. My read is bearish: any pump without real spot support ends up with a pile of losses. If you want to refute me, refute me—but I’m watching this kind of chart, $RLC . We’ll know for sure in the next 48 hours.
Anyway, I don’t chase this. Whoever wants to catch it—let them catch it.
On-chain, during the pump, the buy-side order book depth was extremely thin. A few big orders pushed the price up. At the 1.087 level, there was a pile of sell orders waiting to unload. At 0.89, the price is now stuck in the middle—can’t move up, can’t move down. The number of real holding addresses hasn’t increased in sync. This kind of volume-price divergence is something I’ve seen too many times.
From the low of 0.6463 to now, the swing amplitude is close to 38%. This volatility is a meat grinder for spot traders. My read is bearish: any pump without real spot support ends up with a pile of losses. If you want to refute me, refute me—but I’m watching this kind of chart, $RLC . We’ll know for sure in the next 48 hours.
Anyway, I don’t chase this. Whoever wants to catch it—let them catch it.