$RLC
Down 7.5% and selling is intense... The price is now between $0.81 and $0.83. Should we prepare for $0.76, or have we entered an accumulation zone?
Selling is strong, but oversold signals are beginning to appear. RSI is at 31.6, close to oversold territory, and MACD is in negative territory with no reversal signal yet. The funding rate is negative, meaning sellers are paying to maintain their positions, and a mass closing of positions could trigger a sudden bounce.
Levels:
Support: $0.80 (a break below opens the way to $0.76)
Resistance: $0.85, then $0.87 (failing to break above them means pressure will continue)
A price recovery requires a close above $0.87 with genuine volume.
My view: The trend is still bearish, but the $0.81–$0.83 zone may see volatility and accumulation before any decisive move. Don’t enter with all your available funds.
My recommendation: Spot trading only, with no leverage—the liquidation risk in these volatile conditions is higher than any potential profit.
This is a personal opinion, not financial advice.
Tell us: Do you expect a bounce from $0.81 or a break down toward $0.76? 👇
#CryptoAnalysis #TradingSignals #crypto #cryptotrade #RLC
Down 7.5% and selling is intense... The price is now between $0.81 and $0.83. Should we prepare for $0.76, or have we entered an accumulation zone?
Selling is strong, but oversold signals are beginning to appear. RSI is at 31.6, close to oversold territory, and MACD is in negative territory with no reversal signal yet. The funding rate is negative, meaning sellers are paying to maintain their positions, and a mass closing of positions could trigger a sudden bounce.
Levels:
Support: $0.80 (a break below opens the way to $0.76)
Resistance: $0.85, then $0.87 (failing to break above them means pressure will continue)
A price recovery requires a close above $0.87 with genuine volume.
My view: The trend is still bearish, but the $0.81–$0.83 zone may see volatility and accumulation before any decisive move. Don’t enter with all your available funds.
My recommendation: Spot trading only, with no leverage—the liquidation risk in these volatile conditions is higher than any potential profit.
This is a personal opinion, not financial advice.
Tell us: Do you expect a bounce from $0.81 or a break down toward $0.76? 👇
#CryptoAnalysis #TradingSignals #crypto #cryptotrade #RLC