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Gate ELSA Futures Trading Challenge is Now Live!
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#RLC is #trading below a long-term descending trendline on the daily timeframe, keeping the overall structure bearish. Price is currently holding near the $0.60 area, which acts as a short-term demand zone. A breakout and daily close above the descending trendline would be the first sign of #trend reversal. Until then, price may remain range-bound or continue lower toward deeper support. #crypto