iExec RLC (RLCUSDT) 24-Hour Market Overview

iExec RLC (RLCUSDT) closed at $1.104 on July 16, 2025, after trading between $1.055 (low) and $1.126 (high). The price opened at $1.055 24 hours earlier. Total 24-hour volume reached $165,638.3 (volume) with $1,166,444 (total amount).

Market Analysis

Structure & Formations

The price tested $1.12 resistance twice before retreating, while $1.10 support held during a late-session dip. A bullish engulfing pattern formed at $1.11, suggesting potential upward bias.

Moving Averages

The 20/50-period moving averages (15-min) remain bullish, with price above both. On a daily scale, the 50-period MA sits near $1.10, while the 200-period MA lags at $1.075, reinforcing the current uptrend’s durability.

MACD & RSI

MACD histogram dipped below its signal line, signaling fading momentum. RSI oscillated between overbought (>70 at $1.126) and oversold (<30 at $1.055), reflecting extreme volatility.

Bollinger Bands

Price hit the upper band at $1.126 but collapsed as volatility contracted. The bands’ narrowing suggests a potential breakout, with price currently hovering near the middle band.

Volume & Turnover

A $35,603.7 volume spike coincided with the $1.126 high, but turnover fell sharply afterward, hinting at profit-taking. Total volume rose 22% compared to prior days, signaling heightened interest.

Fibonacci Retracements

A swing from $1.126 to $1.055 shows key retracement levels at $1.095 (38.2%) and $1.075 (61.8%), which may act as support during corrections.

Outlook & Risk

RLCUSDT could retest $1.12 resistance, but overbought conditions and fading MACD suggest a pullback toward $1.10 is probable. Investors should monitor $1.08 support—a breach could trigger deeper declines. Always consider stop-losses amid high volatility.

Summary:
• Price peaked at $1.126 before retreating, with $1.10 acting as key support.
• Bullish engulfing at $1.11 signals potential continuation of the uptrend.
• Volume spiked at highs but turned divergent as price fell, signaling uncertainty.
• RSI swung between overbought and oversold, highlighting extreme volatility.
• Fibonacci levels at $1.095 and $1.075 define near-term support zones.