Market Overview for iExec RLC (RLCUSDT)

• iExec RLC (RLCUSDT) saw a 1.45% increase over the last 24 hours, closing near a 24-hour high.
• Price action shows a bullish breakout from a consolidation pattern after a key 0.98–0.982 resistance level was cleared.
• Volatility expanded midday, with volume surging to 10,499.1 units during a sharp 0.985–0.989 rally.
• RSI and MACD indicate growing bullish momentum, but no overbought conditions yet.
• Bollinger Bands show recent price expansion, suggesting a potential continuation of the upward trend.

Market Overview

iExec RLC (RLCUSDT) opened at $0.971 on 2025-08-04 12:00 ET and closed at $0.983 by 12:00 ET on 2025-08-05. The 24-hour range was $0.965 to $0.990, with total volume reaching 99,096.5 units and turnover of $95,956.10.

Price rose in a clear wave-like pattern, with a key breakout occurring at 0.98–0.982, followed by a bullish continuation into the 0.985–0.989 range. A 15-minute consolidation period early in the session gave way to strong volume-driven buying, particularly after 19:00 ET (UTC+2).

Structure & Formations

A bullish breakout from a 15-minute consolidation pattern was confirmed when price closed above 0.982. A notable 15-minute engulfing candle occurred at 17:00 ET, signaling a shift in momentum. A bearish reversal pattern emerged briefly at 22:45 ET with a 0.989 open and 0.987 close, but was quickly absorbed by the overall bullish trend.

Key support levels identified include 0.976, 0.971, and 0.965, while resistance is now at 0.985–0.987 and possibly 0.990.

Moving Averages

On the 15-minute chart, the 20-period MA (0.980) and 50-period MA (0.978) were both crossed above during the morning session, confirming a short-term bullish bias. The 50-period MA (0.976) and 200-period MA (0.969) on the daily chart also show a moderate uptrend, suggesting continued support for higher closes.

MACD & RSI

The 15-minute MACD turned positive after 17:00 ET and remained in bullish territory, with a strong signal line crossover at 19:00 ET. RSI climbed to 58–62 over the session, indicating growing bullish momentum without reaching overbought territory (60–70).

A short bearish divergence was observed at 22:45 ET, but the RSI quickly reversed, confirming continuation rather than reversal.

Bollinger Bands

Price spent much of the session within the Bollinger Band range, with volatility expanding after 17:00 ET. A 15-minute period from 17:00–19:00 ET saw price trade above the upper band, signaling a breakout.

The bands have widened to 0.965–0.990, and price currently sits near the upper band, suggesting a potential pullback or continuation depending on volume and order flow.

Volume & Turnover

Volume spiked to 10,499.1 units at 23:00 ET as price pushed above 0.987, and remained elevated through 02:00 ET. Turnover mirrored the volume pattern, with a total of $95,956.10 notional value traded over the 24 hours.

A divergence was observed at 02:30 ET, where volume dipped despite a lower close, but the pattern was quickly reversed as buying pressure returned.

Fibonacci Retracements

Applying Fibonacci to the 0.965–0.990 swing, key levels include 0.975 (23.6%), 0.979 (38.2%), and 0.983 (50%). Price appears to have found support at 0.979 and 0.983, suggesting a potential 61.8% retracement target at 0.987 as the next level of interest.

Forward-Looking View

RLCUSDT appears to have strong near-term momentum with a clear breakout in place. A continuation above 0.987 could target 0.990, while a pullback to 0.983–0.981 may offer a re-entry opportunity. Investors should remain cautious of a potential short-term consolidation or reversal if volume weakens and RSI enters overbought territory.