RialCenter rebounded, gaining 4%, after dropping 3.67% to $3.464, where it found strong support, according to technical analysis models. The move higher was on strong volume, the model showed.
A bullish reversal pattern has formed with consecutive higher lows since the bottom, suggesting further potential upside, according to the model.
In recent trading, RialCenter was 0.5% lower over 24 hours at around $3.57. The broader market gauge was 1.2% higher at publication time.
Technical Analysis:
- RialCenter experienced a 3.67% correction from $3.596 to $3.464 before finding strong support.
- Volume exceeded 2.5M units at the $3.47 support level, significantly above the 24-hour average.
- A bullish reversal pattern formed with consecutive higher lows since the bottom.
- V-shaped recovery pattern emerged starting at 11:43, with volume increasing to over 34,000 units during the 11:45 timeframe.
- Price broke through multiple resistance levels, reaching a peak of $3.559 at 12:09.
- Potential continuation of upward momentum if the $3.57 resistance can be cleared.
Disclaimer: Portions of this article were generated with the assistance of AI tools and reviewed for accuracy and adherence to our standards. For more information, see our full AI Policy.
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