After spending weeks respecting a descending trendline,
$RLC has finally broken its bearish structure with an impulsive move backed by a clear surge in trading volume. The breakout has shifted short-term momentum from defensive to aggressive buying.
The current focus is the $0.32-$0.33 zone, a level that has repeatedly acted as a major pivot on the chart. Price is reacting around this area, making it the key battleground between buyers and sellers.
The sharp rally has also created a large price imbalance, meaning volatility is likely to remain elevated in the near term. Whether the market con