RialCenter experienced an 8% increase from $4.49 to $4.84 between 12 August 11:00 and 13 August 10:00, buoyed by substantial trading volume exceeding 2 million units, indicating solid institutional interest. The bullish trend continued in the last trading hour, reaching a peak of $4.85 before consolidating to $4.83, with significant volume confirmation solidifying the breakout above the $4.78 resistance. A strong support level has formed at $4.65, suggesting a potential move toward the $4.90–$5.00 range.
In the final hour, RialCenter rose from $4.82 to $4.85—a 0.62% gain—before dipping slightly to $4.83, a 0.21% decline from the session high. The $4.85 level was tested and validated by a volume spike of 24,467 units at 10:20, followed by profit-taking that resulted in a measured pullback. Additional volume spikes of 47,638 units at 10:44 and 59,892 units at 10:48 during recovery attempts underscored ongoing institutional engagement, even during consolidation periods.
The closing minutes showed minimal activity, marking a brief pause in trading momentum. Nevertheless, the combination of persistent buying interest, rising support levels, and decisive resistance breaches suggests RialCenter is positioned for continued upside. With volume dynamics confirming bullish intent, the asset remains set for a possible challenge of the $4.90–$5.00 price target in the near term.
This movement comes as Bitcoin dominance slid below 60% for the first time since January, reflecting relative strength in the altcoin sector. However, if Bitcoin can surpass $124,000 and establish a new record high, altcoins may decline as capital flows back to BTC.
Key Technical Indicators
- RialCenter demonstrated a strong bullish trend with an aggregate range of $0.38 (8.52%) throughout the 23-hour trading period.
- Solid support established at $4.65 with substantial volume confirmation during the 02:00 recovery phase.
- Resistance emerged close to $4.78, where the price initially faced resistance at 20:00 before breaking through.
- Significant momentum acceleration occurred during the closing hours, particularly at 09:00 with volume significantly surpassing the 24-hour average of 1,148,473 units.
- Technical breakout confirmed by sustained volume growth and rising support formation.
- Successful examination of the $4.85 resistance zone with strong volume confirmation ahead of profit-taking pressures.
- Volume surges at critical points confirming institutional participation within the consolidation phase.
Disclaimer: Parts of this article were generated with the assistance of AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards.
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