Market Overview for iExec RLC/Bitcoin (RLCBTC)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Friday, Dec 19, 2025 12:54 am ET1min read
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Aime RobotAime Summary

- RLCBTC price fell from 7.12e-06 to 6.95e-06, forming a bearish trend with key support at 6.98e-06.

- RSI below 30 signals oversold conditions, suggesting potential short-term rebound despite bearish bias.

- Bollinger Bands show moderate volatility with price near lower band, reinforcing downward momentum.

- Volume spikes at 4357.6 and 3161.3 confirm breakdowns below critical levels, strengthening bearish conviction.

Summary
• Price declined from 7.12e-06 to 6.95e-06, forming a bearish trend with 38.2% Fibonacci support near 6.98e-06.
• RSI indicates oversold conditions below 30, suggesting a potential short-term bounce.
• Bollinger Bands show moderate volatility with price near the lower band, reinforcing bearish bias.
• Volume spiked at 4357.6 and 3161.3, coinciding with price breakdowns, confirming bearish momentum.

The iExec RLC/Bitcoin (RLCBTC) pair opened at 7.12e-06 on 2025-12-18 at 12:00 ET, reaching a high of 7.13e-06 and a low of 6.95e-06 before closing at 6.95e-06 on 2025-12-19 at 12:00 ET. Total volume was 28,646.1, with turnover amounting to 208.1.

Structure & Formations


Price action reveals a clear bearish trend, with key support levels forming near 6.98e-06 (38.2% Fibonacci) and 6.95e-06. A breakdown below 6.95e-06 could test the next level at 6.92e-06. Notable bearish engulfing patterns appear in the early session, confirming downward pressure.

Technical Indicators


MACD is in bear territory with a negative crossover, reinforcing the downtrend. RSI dropped below 30, indicating oversold conditions, which may lead to a temporary rebound or consolidation.
Bollinger Bands show moderate volatility, with the price hovering near the lower band, reinforcing bearish expectations.

Volume & Momentum


Volume spiked at key breakdowns, particularly at 4357.6 and 3161.3, which coincided with price moves below critical levels, suggesting strong bearish conviction. Turnover also increased in line with volume, indicating aligned momentum. However, no divergence was observed between price and volume, implying a continuation of current dynamics is likely.

Looking ahead, a test of 6.95e-06 could bring short-term buyers, but a close below that level would likely target 6.92e-06. Investors should remain cautious about further downside and consider volatility contraction as a potential precursor to a reversal.