Tethered assets rarely flatline, yet $RLUSD just proved stability possible.
Trading at $1.0008 with a negligible 0.04% daily shift, the latest hourly close printed 1.0009 on below-average volume at 0.70x the prior rate. The preceding 23-hour range stayed tight between 1.0008 and 1.0014.
If volume picks up and the price holds above the 1.0008 low, steady accumulation may follow. Conversely, a drop below that boundary would invalidate this consolidation phase.
Will a break above 1.0014 confirm bullish continuation, or does dropping under 1.0008 signal deeper downside?
Tap $RLUSD for the live chart. #RLUSD #BinanceSquare
Trading at $1.0008 with a negligible 0.04% daily shift, the latest hourly close printed 1.0009 on below-average volume at 0.70x the prior rate. The preceding 23-hour range stayed tight between 1.0008 and 1.0014.
If volume picks up and the price holds above the 1.0008 low, steady accumulation may follow. Conversely, a drop below that boundary would invalidate this consolidation phase.
Will a break above 1.0014 confirm bullish continuation, or does dropping under 1.0008 signal deeper downside?
Tap $RLUSD for the live chart. #RLUSD #BinanceSquare