RLS (Rayls) Market Update

RLS is tr$RLS ading at $0.01608, down 3.38%, showing clear short-term weakness. Price failed to hold above $0.0168 and is now hovering near a key support zone at $0.0160. A breakdown below this level could open the door for deeper downside.

Market cap stands at $24.13M with $551K liquidity and 4,611 on-chain holders, indicating moderate participation. FDV at $160.86M suggests significant future supply risk if momentum doesn’t return.

On the 15-minute chart, Parabolic SAR remains above price, confirming bearish control. Volume is fading, showing buyers are cautious at current levels.

Key Levels

Support: $0.0160 – $0.0159

Resistance: $0.0165 – $0.0168

Volatility is building. A strong bounce from support could trigger a sharp relief move, while failure here may $RLS accelerate selling pressure. Stay alert.