$RLC is still moving under a long term descending trendline on the daily chart, and that keeps the structure bearish for now. I’m watching this carefully because price is sitting near the 0.60 area, which is acting like a short term demand zone and trying to hold the fall.

Right now, this zone matters. Buyers are showing some presence, but it’s not enough yet to change the trend. As long as RLC stays below the descending trendline, the pressure remains on the downside. I’m seeing a market that is undecided, stuck between weak buyers and a dominant trend.

The real shift only comes if we get a clean breakout and daily close above that trendline. That would be the first clear sign that the trend is changing and momentum is flipping. Until that happens, price can stay stuck in a range or slowly bleed toward deeper support levels.

I’m staying patient here. The level is important, but the trend still has control.