- RIO’s breakout above $0.32 came with $10M volume, signaling strong buyer demand.
- ADX shows trend strength remains intact as RIO consolidates near key support.
- A 50x market cap path to $1B highlights bullish sentiment for long-term upside.
Realio Network’s native token RIO is gaining renewed attention following a notable surge in trading volume and price momentum. Two independent analysts have provided technical updates, outlining strong breakout structures and potential long-term price targets.
High Volume Spike Signals Breakout Momentum
Recent trading activity in RIO/USDT has highlighted a sharp shift in momentum, with daily volume nearing $10 million. This level of trading is unusual for a token with a $20 million market cap and suggests increased market interest. Analysts are closely monitoring both price structure and trend indicators as signs continue pointing to a potential continuation.
Source: Dark Knight
As we can see in the chart above is a strong technical overview shared by the analyst Dark Knight, who focuses on RIO’s 1D chart. According to Dark Knight, a 156% rally from $0.1275 to $0.3203 triggered a breakout. He added that the price had briefly broken over the 50-day Simple Moving Average, now approximately $0.30, and is still a point of resistance.
The price was also stated by the analyst to be ranging between the short support of $0.20 and the resistance point of $0.44. This range includes the 0.786 Fibonacci level, which aligns with price memory from past distributions. His chart analysis shows that while RIO has pulled back slightly to $0.2797, the trend remains valid and structurally sound.
Dark Knight has provided additional insights into trend strength, highlighting an ADX (14) reading of 22.86. While slightly under the strong trend threshold of 25, it still supports directional momentum. He also referenced a visible volume spike during the breakout, reinforced by a long green candle closing near the session high.
Long-Term Market Cap Projections Emerge
Another analyst, JA, has presented a broader comparative analysis of RIO’s long-term trajectory based on historical patterns. She highlighted RIO’s previous all-time high of $8.88 and projected a potential 50x return from current levels. Her model ties this estimate to a future market cap of $1 billion.
Source: JA on X
JA emphasized renewed interest beginning in early 2024, following a prolonged sideways phase from mid-2021 to late 2023. The price action formed a base near $0.10 before accelerating upward into the $0.28 range. The analyst noted that key resistance zones at $2, $4, and $6 may act as future checkpoints during further upside continuation.
