Sep. 4 at 5:23 PM
$RNXT technical structure remains bullish.
After expanding from
$1.67 →
$2.59 on massive volume, price is now compressing around
$2.30-
$2.40 while volume normalizes. That is textbook post-breakout consolidation, not confirmed distribution.
Key structure:
$2.28 = immediate demand zone
$2.14 = major breakout support
$1.93-
$2.00 = former resistance / deep support
$2.59 = breakout trigger
As long as RNXT holds the
$2.14-
$2.28 structure, the higher-high/higher-low sequence remains intact.
Bull case:
hold
$2.30 → reclaim
$2.50 → break
$2.59 → price discovery toward
$2.80-
$3.00+.
Fundamentals are still advancing, and management presents Sept. 14.
High-volume expansion + lower-volume consolidation + support above former resistance = bullish continuation setup.
$RNXT
