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RTX/USDT Technical Setup: Consolidation at Critical Support Level
RTX is holding within a bearish trend structure after being rejected from higher prices, though the selling pressure is starting to fade. The key observation right now is that price is compressing above the 2.55–2.65 demand zone—this is significant territory that previously supported price action.
What traders should watch: momentum is easing on the downside, creating potential for either a bounce from this demand area or further breakdown depending on how price interacts with this level. The consolidation pattern suggests a decision point is forming. If buyers defend the 2.55–2.65 zone, we could see a recovery attempt. A break below it signals continued weakness.
Monitor volume and price action closely around these levels for the next move.