🚀 $RLS Is Showing Life Again — Is a Trend Reversal Finally Here? 🔥
$RLS is catching traders’ attention after a strong intraday recovery, and the chart is starting to tell an interesting story. Let’s break it down clearly 👇
📊 RLS Price Action Explained (24H View)
Current Price: ~$0.01379
24H Change: +7.9% 📈
24H Low → High: $0.01263 → $0.01416
Volume (24H): ~$15.12M (healthy spike 👀)
RLS bounced strongly from the $0.0126 support zone, which acted as a demand area. Buyers stepped in aggressively, pushing price higher and forming higher highs & higher lows on the intraday chart — a classic short-term bullish structure.
🔍 Why Is RLS Pumping Today?
✅ 1. Relief Bounce After Heavy Dump
RLS is down 36% in 7 days and over 80% in 30–90 days
Such deep corrections often trigger oversold bounces
Smart traders look for these zones to enter early
✅ 2. Volume Confirms Buyer Strength
Rising price + rising volume = real demand
This isn’t a dead bounce — participation is increasing
✅ 3. Market Cap vs FDV Gap
Market Cap: $20.68M
Fully Diluted Valuation: $137.86M
This gap suggests future volatility, which attracts short-term traders and scalpers
🧠 Technical Levels to Watch
🔹 Support Zones
$0.0126 – $0.0128 → Strong base
If this holds, bulls stay in control
🔹 Resistance Zones
$0.0142 – $0.0145 → Local rejection zone
Break & hold above this = momentum continuation
Next upside target could be $0.016 – $0.018
⚠️ Risk Factors You Should Know
Long-term trend is still bearish
Supply is high (10B max supply)
Any BTC market weakness could pull $RLS back down
👉 This is currently a short-term bullish move inside a bigger downtrend — important to manage risk.
