$RVV USDT Faces Intense Sell-Off as Oversold Conditions Deepen
@RVV USDT has entered a phase of sharp downside pressure, with price currently trading around 0.001738 after a steep intraday decline of nearly 39%. The move follows a clear breakdown from the previous consolidation zone near 0.0029, confirming strong bearish dominance across the short-term structure. On the 1-hour timeframe, consecutive long red candles reflect aggressive selling, while buyers appear hesitant despite minor attempts at stabilization.
Bollinger Bands highlight the severity of the move, as price is now hugging the lower band near 0.001505 after decisively losing the middle band at 0.002113. This behavior typically signals strong bearish momentum rather than an immediate reversal. The upper band’s sharp downward curve further reinforces the ongoing downtrend and volatility expansion to the downside.
Momentum indicators paint an extreme picture. RSI(6) has dropped to around 6.8, placing RVVUSDT deeply into oversold territory. While such low RSI levels can precede short-term technical bounces, they do not guarantee a trend reversal without confirmation from volume and structure. Volume remains elevated, suggesting that capitulation selling may still be in progress.
Key support is visible near the recent low around 0.00172–0.00170, with a breakdown opening the door toward the lower Bollinger Band zone near 0.00150. On the upside, any relief bounce is likely to face resistance between 0.00185 and 0.00210. Overall, RVVUSDT remains in a high-risk, bearish environment, favoring cautious positioning until clearer signs of stabilization or accumulation emerge.
