$RLC is facing strong SELLING pressure on the 4H chart, down 10.24% as price slides toward $0.82 ๐
The trend is moving DOWN with lower highs forming... sellers are still in control.
Look at this area ๐ $0.78 is the key SUPPORT visible from the 24H low.
RSI(6) is around 22.22 โ showing heavily oversold momentum.
But oversold doesnโt guarantee a bounce... โ ๏ธ
If $0.78 holds, RLC could attempt a short-term recovery.
If $0.78 breaks โ further downside pressure could follow.
For a bounce, watch how price reacts around $0.82 and whether buyers step in.
A move back toward $0.95 could bring the next RESISTANCE into focus ๐ฏ
Follow for more analysis ๐
The trend is moving DOWN with lower highs forming... sellers are still in control.
Look at this area ๐ $0.78 is the key SUPPORT visible from the 24H low.
RSI(6) is around 22.22 โ showing heavily oversold momentum.
But oversold doesnโt guarantee a bounce... โ ๏ธ
If $0.78 holds, RLC could attempt a short-term recovery.
If $0.78 breaks โ further downside pressure could follow.
For a bounce, watch how price reacts around $0.82 and whether buyers step in.
A move back toward $0.95 could bring the next RESISTANCE into focus ๐ฏ
Follow for more analysis ๐