$ETH flushed 7% last night. $RSR barely flinched, and it is still up ~8% on the day.
Here's what the chart shows:
- RSR trades around $0.001677, up ~8.5% in 24h while ETH is down ~3.4% and $BTC ~0.8%.
- During the 15-minute ETH dump to $2,060, RSR's hourly low was only ~$0.001654.
- Sunday volume hit ~$6.6M on Binance, versus roughly $1M on most days last week.
The backstory matters. On Oct 29-30, 3.38B RSR from the Binance hack was dumped on-chain and RSR wicked to $0.001211. Binance said it would buy back the stolen RSR, and Reserve said on Nov 3 that withdrawals were not fully back yet. Price is now ~38% off that low.
I found no fresh headline for this move. It looks like recovery buying plus thin weekend books, not news.
Levels I'm watching:
- $0.00178-0.00180: rejected on Oct 31 and again on Sunday. A clean break opens room.
- $0.00155: Friday's base. Losing it would mean the bounce is done.
My view: relative strength during a market flush is a real signal, but two rejections at the same ceiling is too.
Breakout above $0.0018 this week, or another rejection?
#BinanceSquare #RSR #Altcoins #CryptoMarket
Not financial advice.
Here's what the chart shows:
- RSR trades around $0.001677, up ~8.5% in 24h while ETH is down ~3.4% and $BTC ~0.8%.
- During the 15-minute ETH dump to $2,060, RSR's hourly low was only ~$0.001654.
- Sunday volume hit ~$6.6M on Binance, versus roughly $1M on most days last week.
The backstory matters. On Oct 29-30, 3.38B RSR from the Binance hack was dumped on-chain and RSR wicked to $0.001211. Binance said it would buy back the stolen RSR, and Reserve said on Nov 3 that withdrawals were not fully back yet. Price is now ~38% off that low.
I found no fresh headline for this move. It looks like recovery buying plus thin weekend books, not news.
Levels I'm watching:
- $0.00178-0.00180: rejected on Oct 31 and again on Sunday. A clean break opens room.
- $0.00155: Friday's base. Losing it would mean the bounce is done.
My view: relative strength during a market flush is a real signal, but two rejections at the same ceiling is too.
Breakout above $0.0018 this week, or another rejection?
#BinanceSquare #RSR #Altcoins #CryptoMarket
Not financial advice.