Market Overview for iExec RLC (RLCUSDT) as of 2025-08-24

• Price opened at $1.053 and closed at $1.025, with a 24-hour low of $1.015 and high of $1.072.
• A bearish reversal pattern emerged near $1.072, followed by a sustained decline, suggesting short-term bearish momentum.
• Volatility expanded significantly as price moved through Bollinger Bands and tested key Fib levels.
• Notional turnover surged in early hours before tapering, highlighting early selling pressure.
• RSI signaled overbought conditions during the rally, but failed to trigger a bounce, hinting at weak buyer participation.

(trading under the pair ) opened at $1.053 on 2025-08-23 at 12:00 ET and closed at $1.025 on 2025-08-24 at 12:00 ET. The price peaked at $1.072 and bottomed at $1.015 during the 24-hour window. Total volume was 415,109.25 and notional turnover amounted to $438,537.30, showing strong early selling pressure followed by a quieter latter half.

Structure & Formations

Price action displayed a bearish reversal with a rejection at $1.072, where a potential bearish engulfing pattern was formed. A key support level has emerged around $1.025–1.027, where price has bounced twice, suggesting a short-term floor. A doji at $1.066 during early trading hours on the 15-minute chart hinted at indecision, and further breakdown below $1.015 could test a prior swing low near $1.012.

Moving Averages

On the 15-minute chart, the 20-period MA has acted as a dynamic resistance, with price failing to reclaim above it for much of the period. The 50-period MA has tracked the declining trend, reinforcing bearish bias. On the daily chart, the 50-period MA has been breached and remains a key level to watch for a potential recovery.

MACD & RSI

The MACD turned negative after the $1.072 high, signaling weakening momentum and a shift in bias to bearish. The RSI briefly entered overbought territory during the early rally but failed to produce a rebound, indicating weak follow-through buying. The RSI now sits in neutral to oversold territory, with potential for a short-term bounce if buyers enter at or near $1.015–1.025.

Bollinger Bands

Bollinger Bands showed a moderate contraction before the breakout and expansion as price moved sharply lower. Price has traded below the lower band for a significant portion of the session, indicating bearish volatility. A rebound above the mid-band (~$1.03) could signal a potential shift in sentiment.

Volume & Turnover

Volume spiked sharply during the early ET hours (00:00–04:00 ET) as price declined, confirming bearish momentum. Notional turnover followed a similar trajectory but showed a divergence in the latter half of the day, with weaker volume on price rebounds, suggesting waning buying interest. A strong volume spike on a rebound could confirm a short-term bottom.

Fibonacci Retracements

Applying Fibonacci retracement levels to the key 15-minute swing from $1.051 to $1.072, price found rejection at the 61.8% level (~$1.063) and subsequently broke down. A retest of the 38.2% level (~$1.057) may offer a potential area for consolidation. On the daily chart, the 61.8% Fib level from the broader move lies near $1.012, where further support may be tested.

RLC may consolidate near current levels in the next 24 hours, with a potential bounce off $1.025 expected if buyers step in. However, a breakdown below $1.015 could reignite the downtrend. Investors should remain cautious, as volatility remains high and directional clarity is yet to emerge.