$RLC Market Analysis

The price action of $RLC on the daily timeframe is consolidating within a symmetrical triangle pattern, currently respecting its horizontal support level marked between $3.2432 and $3.05.

To sustain further upward movement, the price action must hold this support level. ๐Ÿ“Š๐Ÿ”’

If the support level holds, we could see a potential breakout to the upside, signaling a bullish continuation.

Conversely, if the support level fails, a bearish breakdown may occur, leading to further downward movement.

Stay alert and monitor the price action closely.

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