RLC Retests Support After Breakout — Is the Bull Wave About to Hit?

RLC broke above a long-term descending trendline, after months of consolidation between $1.00 and $1.20.

A clean retest of the $1.25 breakout zone could push price to around $1.90 in the short term.

A descending triangle pattern shows price compression, signaling a decisive move is near as RLC tests the structure’s apex.

RLC is turning heads after breaking out of a long downtrend and jumping to $1.26. With bulls charging and a 53% rally in sight, momentum is building fast—could this be the breakout moment traders have been waiting for?.

Breakout Above Key Resistance Suggests Upward Momentum

The 12-hour chart for RLC shows a clear breakout above a descending trendline that defined the asset’s downtrend since early 2025. For months, RLC had been trading within a narrow horizontal range between $1.00 and $1.20. This consolidation formed after a consistent pattern of lower highs and lower lows.

Source: World of Charts On X

The breakout above the $1.25 level was accompanied by strong bullish candlesticks and increased trading volume. This pattern indicates a shift in market structure from bearish to bullish. A post-breakout retest near the $1.25 area suggests that the previous resistance may now be acting as support.

World Of Charts commented that: Rlc Bouncing After Correction, Expecting 50%+ Bullish Wave From This Area." This sentiment aligns with the observed price behavior and technical structure.

Classic Retest and 50% Target Projection

After the breakout, RLC retraced slightly, revisiting the breakout level. This retest appears healthy and could set the foundation for another upward move. The projected target from the breakout is close to $1.90, suggesting a potential 53.93% increase from the $1.25 level.

The breakout move is visually supported by a strong black arrow and a blue box on the chart, indicating the price path and target area. The pattern suggests momentum could resume if current support levels hold.

This movement reflects buying interest returning to RLC, particularly after the long period of price compression and accumulation below resistance.

Short-Term Pattern Shows Compressed Price Action

A short-term descending triangle has formed on the lower time frame, with strong support between $1.10 and $1.20. The price has repeatedly bounced from this zone, while lower highs continue to form. The structure signals pressure building at the triangle’s apex.

Currently, the price is trading near the triangle’s tip. A breakout from this area could support the earlier bullish projection. However, a breakdown below $1.10 may invalidate the upward structure.

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