$RLC is starting to catch my attention for the wrong reasons.

The uptrend channel has already broken down, and the overall structure looks much weaker than it did a few weeks ago.

Every bounce feels less convincing, while sellers continue to step in and slow down any attempt at recovery.

From a chart perspective, momentum appears to be fading. The price action is no longer showing the same strength that drove the previous move higher.

If support starts to crack, a larger downside move could follow.

For now, $RLC remains on the watchlist as one of the charts showing increasing signs of weakness. The next reaction around support should be interesting.