Why is iExec RLC (RLC) up 101.62% Today, October 6, 2026? Heavy Turnover and Breakout Momentum Fuel the Rally

RLC surged 101.62% on exceptionally heavy turnover (~2.84x market cap), diverging from a 2.56% drop in total crypto market cap, indicating token-specific speculative flow rather than a broad risk-on move. No clear project catalyst was identified, raising the likelihood the rally was driven by momentum positioning and possible short covering. Near-term focus is on whether price can hold above the cited breakout area amid stretched RSI and elevated volatility.