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It’s funny how everyone ignores $RLC until it starts making these moves.
The daily chart is looking like a massive game of "higher lows" right now. After that dip to 0.365 back in March, we’ve been slowly crawling back up. We’re sitting at 0.460, and if you look at those recent wicks near 0.490, it’s clear the sellers are waiting there to knock it back down.
Volume is still pretty low at 1.7M, which makes me think this is just a slow accumulation phase before a real breakout. If we can actually close a daily candle above 0.490, I think we run straight to 0.55.
Support is holding strong around 0.41, so the downside feels limited, but I’m not chasing this green candle. Just watching the 0.488 level to see if the bulls have enough gas to flip it.
Let's see if the weekend volume brings some surprises.
#Gate13thAnniversaryLive