Deep Dive
1. Market-Wide Risk Aversion (Bearish Impact)
Overview: The crypto market cap dropped 2.64% in 24h, with Bitcoin dominance rising to 58.65% as investors retreated to safer assets. The CMC Fear & Greed Index hit “Fear” (22/100), reflecting risk aversion.
What this means: Altcoins like RSC are highly sensitive to macro sentiment. Rising BTC dominance and low liquidity (spot trading volume down 35.07% YoY) amplify downside pressure. RSC’s 24h volume rose 23.51%, suggesting panic selling rather than accumulation.
What to look out for: A reversal in BTC dominance or a spike in the Fear & Greed Index toward “Neutral” (50+).
2. Technical Breakdown (Bearish Impact)
Overview: RSC trades at $0.23, below its 30-day SMA ($0.318) and 200-day SMA ($0.458). The RSI-14 (40.62) signals neutral-to-oversold conditions, but MACD remains negative (-0.0236).
What this means: The price broke below the 23.6% Fibonacci retracement level ($0.365), invalidating a potential bullish reversal. Next support lies at the yearly low (~$0.20). Weak momentum (RSI < 45) and high circulating supply (126.65M RSC) create persistent selling pressure.
Key threshold: A close above $0.246 (78.6% Fib level) could signal short-term relief.
3. Post-Listing Volatility (Mixed Impact)
Overview: RSC’s futures listing on WEEX (4 November 2025) initially boosted exposure but triggered profit-taking as traders exited leveraged positions.
What this means: High-leverage futures markets often lead to exaggerated price swings. RSC’s 24h open interest in derivatives rose 3.45%, but perpetual funding rates turned negative (-0.0038% for top alts), indicating bearish positioning.
Conclusion
RSC’s drop reflects a toxic mix of sector-wide risk-off sentiment, technical breakdowns, and post-listing volatility. While oversold conditions hint at a potential bounce, the lack of immediate catalysts and weak DeSci narrative traction suggest caution.
Key watch: Can RSC hold the $0.20 psychological support, or will BTC dominance continue to drain altcoin liquidity? Monitor BTC price action and RSC’s on-chain activity for clues.