Rexas Finance (RXS) has taken the crypto market by storm with an eye-popping 325% price surge within just a few hours. The token’s explosive rally has turned heads across the industry, but as the price starts to cool off, the big question now is: was this a short-lived pump or a setup for more gains ahead?
Momentum-Driven Rally Draws Attention
RXS saw a sharp breakout above key resistance levels, triggering a vertical rally that sent its price soaring. The move was fueled by high momentum and aggressive buying interest. However, following the spike, the token has entered a corrective phase — a natural cooling-off period after such an extreme move.
Interestingly, this correction is not accompanied by a heavy sell-off. In fact, trading volume has declined, a sign that the market might be consolidating rather than collapsing.
Key Support and Resistance Levels to Watch
The $0.109 level has emerged as a crucial support zone. Not only is this a key level from a higher time frame perspective, but it also lines up with the Point of Control (PoC) on the volume profile — making it a potential area for a strong price bounce if tested.
On the upside, local resistance is now seen near the 0.618 Fibonacci retracement from the recent drop. A rejection here could lead to a retest of $0.109, where bulls may look to rebuild momentum.
Market Structure Still Bullish
Despite the recent dip, the overall market structure for RXS remains intact. There’s no confirmed lower low or bearish pattern just yet. This means the correction could simply be part of a healthy retracement in a larger bullish trend.
If the price holds above $0.109 and volume begins to climb again, we could see another leg up. But if this support fails, traders might prepare for a deeper pullback.
What’s Next for Rexas Finance?
As it stands, RXS is at a crucial turning point. If the token holds its ground and forms a base around $0.109, the bulls could drive it higher again. On the flip side, a breakdown below this level could signal a shift in sentiment.
Traders and investors should watch for confirmation signals — such as rising volume on a bounce or a firm break below support — to better gauge the next move.
TL;DR: Rexas Finance’s 325% rally has cooled, but the bullish setup isn’t broken yet. Watch $0.109 for signs of a strong bounce or deeper correction.
