$RIO Continues it's Bullish Run!

After yesterday's dip, RIO has made a swift recovery today, reinforcing the bullish trend we discussed.

The price is now approaching the $1.30 range, marking a 159% gain over the last 20 days!

In our previous update, we highlighted the importance of the $1.20-$1.25 zone as a key area to watch.

RIO has responded positively, holding strong and showing further potential for upward movement.

EMA Levels: Bulls in Control

The current price remains far above the 30d, 50d, and 100d EMA, confirming bullish dominance.

As we mentioned, the 100d EMA is a critical support level, and staying above it will be essential in maintaining the long-term bullish structure.

So far, all signs point to continued strength.

Price Action to Watch.

With the recent surge, the next target lies around the $1.30 mark.

If we close a daily candle above this level another leg higher could be in play.

The quick reversal after yesterday's brief red candle suggests that buyers are still eager to push higher.

However, we should continue to monitor the $1.20-$1.25 range as a support zone.

If this level fails to hold, we could see a retest around the 100d (EMA), which remains a strong cushion for any correction.

Let’s see where the bulls take us next!