RLC dumped 16% in an hour.
The 23:00 1H candle: 1.0485 → 0.8712, down 15.8%, with about $41 million in trading volume. No announcement, no news—just a straight-up dump.
The price is currently stabilizing around 0.877. The 00:00 candle was down just 0.4%, and volume fell to $3 million—an initial sign that the drop may be slowing, but that doesn’t mean it’ll rebound.
$RLC Resistance is around 1.05, and today’s huge bearish candle has left a lot of people trapped. Whether it can climb back depends on whether there’s enough volume tonight.
Do you think 0.87 can hold?
The 23:00 1H candle: 1.0485 → 0.8712, down 15.8%, with about $41 million in trading volume. No announcement, no news—just a straight-up dump.
The price is currently stabilizing around 0.877. The 00:00 candle was down just 0.4%, and volume fell to $3 million—an initial sign that the drop may be slowing, but that doesn’t mean it’ll rebound.
$RLC Resistance is around 1.05, and today’s huge bearish candle has left a lot of people trapped. Whether it can climb back depends on whether there’s enough volume tonight.
Do you think 0.87 can hold?