Reserve Rights (RSR), the utility and governance token of the decentralized Reserve Protocol, has been trading around ~$0.0023–$0.0024, under pressure from broader altcoin weakness and technical downtrends as traders rotate into Bitcoin and low‑risk assets. Recent market data show price struggling below key moving averages with bearish RSI and MACD signals, reflecting ongoing selling pressure and thinning liquidity.
A proposed 30 billion token burn and governance overhaul offers a bullish narrative, but implementation delays have softened speculative demand.
Near‑term support sits near $0.00215–$0.00226 while resistance clusters around $0.00237–$0.00249, keeping RSR in a tight range.
Sentiment remains mixed: traders watch if oversold conditions prompt a bounce or if the broader downtrend continues.
@Reserve $RSR #ReserveRights #rsr