🔻 #RLC 2H Chart Update – June 17, 2025

Still locked inside the channel… but now slipping deeper into the shadows.

The channel is holding like a steel trap.

Since May 9, $RLC

has respected the white parallel lines like rails — every pump fades, every dip gets caught. But now? We're flirting with the bottom boundary.

After losing the battle at $1.00 and failing to hold the 200 EMA, bears took control again.

🟥 Price just printed a fresh low at $0.888, right on the channel's edge.

RSI?

⏬ Dropped hard but curling from sub-30 oversold, now hovering just under 40.

MACD?

⚠️ Deep in the red, but histogram is flattening — early signs of a possible pause in momentum.

Short-term moving averages (blue & black) are pressing down aggressively, while the longer-term ones (green & orange) still hover above like a ceiling.

🎯 If bulls defend this zone, $0.92–$0.94 is the first test. But break below the white trendline?

We could flush to $0.85–$0.83 fast — and there's no clear structure until then.

The mood?

Heavy. Fragile. Oversold.

The market's waiting — but for what? A final breakdown… or the bounce nobody expects?

📌 Watch this edge. Channels don’t last forever — and the next move could define the summer. #crypto #BTC $BTC