🌈 $RNBW : Massive "Fire Sale" or Ultimate Shakeout? 🚀
The chart doesn't lie—RNBW just took a massive hit, but look at the levels we’re hitting! 📉
We are currently seeing a huge wick down to the $0.028 support zone. If you’ve been waiting for an entry on the Rainbow Wallet ecosystem, this "Fire Sale" zone might be the moment.
Why the "Dip" looks interesting:
Extreme Oversold: The RSI is screaming "bottom" on the 4H timeframe.
Support Test: We just swept the liquidity near the $0.028 level and are seeing a slight bounce.
High FDV vs. Low Market Cap: With a $6.75M Market Cap and $32M FDV, the upside potential during a recovery is massive if the volume returns.
Strategy: Don't chase the red candle—look for stabilization above $0.032. NFA (Not Financial Advice), always DYOR (Do Your Own Research) before jumping into high-volatility plays!
Is this the bottom for $RNBW? Let me know your thoughts below! 👇