RLC Technical Analysis in a Weekly Timeframe

23 aug.Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:

RLC is showing a strong rebound from the support trendline and is likely to rally if the market remains bullish.

The resistance trendline at $3.58 will likely be the next testing level for RLC. On the downside, if RLC experiences another downtrend, it could drop as low as $0.717, where we have lower support.

The RSI appears to be gaining momentum, with a bit of room left before reaching the oversold zone.

Key levels:

- Primary Support: $1.3.
- Lower Support: $0.717.
- Primary Resistance: $3.58.
- Long-term Target: $16.5.

DYOR, NFA.

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