86 times its normal volume. That is what moved $RLC today.
RLC is at 0.6902, up 90.4% in 24 hours and 102.88% over 7 days. About 24.96M USDT traded in the last day, 86.4x its 7-day average. The 7-day low was 0.3326, so price has roughly doubled off it.
Two numbers make me careful. Hourly RSI is 89.4, about as stretched as it gets. And price sits 6.7% under the 7-day high of 0.7396, so the top of the move is close but not reclaimed.
My view: strong, but late for a new entry. I am not chasing a coin after a 90% day with RSI near 90.
What changes my mind: a break and hold above 0.7396 with volume staying high. What I am waiting for: either that, or a pullback where volume cools and RSI resets. If volume fades fast while price drifts lower, I read the spike as one-off buying, not a trend.
BTC is up only 0.35% today, so this move is RLC's own, not the market lifting everything.
Not financial advice.
#RLC #VolumeSpike
RLC is at 0.6902, up 90.4% in 24 hours and 102.88% over 7 days. About 24.96M USDT traded in the last day, 86.4x its 7-day average. The 7-day low was 0.3326, so price has roughly doubled off it.
Two numbers make me careful. Hourly RSI is 89.4, about as stretched as it gets. And price sits 6.7% under the 7-day high of 0.7396, so the top of the move is close but not reclaimed.
My view: strong, but late for a new entry. I am not chasing a coin after a 90% day with RSI near 90.
What changes my mind: a break and hold above 0.7396 with volume staying high. What I am waiting for: either that, or a pullback where volume cools and RSI resets. If volume fades fast while price drifts lower, I read the spike as one-off buying, not a trend.
BTC is up only 0.35% today, so this move is RLC's own, not the market lifting everything.
Not financial advice.
#RLC #VolumeSpike
