RLC Rises 13.15% in 30 Minutes as Crypto Signals Diverge

iExec’s RLC token rose 13.15% in 30 minutes to $0.7555 as mixed crypto-market signals accompanied a sharp move in the asset.

RLC traded between a daily low of $0.6549 and a high of $0.7694. Its 24-hour trading volume was about $9.1 million, while the token gained 11.66% over the previous hour and 3.83% over 24 hours.

The move followed an earlier rally in RLC on Oct. 5-6, when open interest climbed about 1,760% in 24 hours to roughly $35.1 million. RLC traded between about $0.72 and $0.90 in market snapshots taken Oct. 6. Earlier coverage examined the rise in derivatives exposure.

No specific catalyst was confirmed for the latest move.

The daily range between $0.6549 and $0.7694 pointed to short-term volatility. Traders were watching $0.6549 as a support level.