$RLC on Fire 🔥– Bulls in Full Control
📊 Support & Resistance
• Support Levels:
• $1.40 → Strong short-term support after the recent pullback.
• $1.20 → Previous consolidation base, important to maintain bullish structure.
• Resistance Levels:
• $1.65 → Nearest resistance, strong rejection wick seen there.
• $1.90 → Recent high and key profit-taking zone.
RLC (iExec RLC) showed a massive breakout from the $1.00–$1.20 range, pushing quickly toward $1.90 before retracing. The huge green candles are supported by a volume spike (4.7M), confirming real buying strength.
The retracement to $1.40–$1.50 is a healthy correction and sets up a base for another leg higher if volume sustains.
Technically, this is a breakout + retest setup → price broke key resistance at $1.20, retested $1.40–$1.50, and now could attempt another move toward $1.65 and $1.90.
