$RLC USDT

#RLC is indeed a coin worth monitoring closely.

💎 Having successfully broken out of the descending resistance, RLC is showing bullish momentum, especially after a recent false breakout.

💎 However, the current rejection near the resistance area around $3.3 suggests a potential pullback to the lower time frame (LTF) demand area before resuming its upward trajectory. To confirm a return to bullish movement, RLC needs to break above the resistance level, potentially leading to a retest of our target strong resistance area.

💎 Should RLC fail to bounce from the LTF demand area and instead break below it, this could signal continued downward movement, with the next significant level being the key support area around $2.1.

💎 If RLC reaches the key support area, it becomes crucial for the price to bounce from this level, as it represents a critical support zone. Failure to do so could lead to further downside momentum, confirming bearish sentiment and potentially pushing the price even lower.

DYOR

NOT FINANCIAL ADVICE