Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Missed TAKE Upsurge? RLS Spikes 7.9%, Ready to Explode After Descending Channel Escape: Analyst

Missed TAKE Upsurge? RLS Spikes 7.9%, Ready to Explode After Descending Channel Escape: Analyst

BlockchainReporterBlockchainReporter2026/02/14 17:12
By:BlockchainReporter

For crypto traders who missed the huge 250% surge on the Overtake (TAKE) coin, market analyst BitcoinHabebe urges them not miss the same opportunities currently being offered by the Rayls (RLS) token.

Overtake (TAKE) is a cryptocurrency of Overtake, a decentralized peer-to-peer marketplace built on the Sui network, which allows users to trade in-game items and various financial assets with ease. On the other hand, Rayls (RLS) is a DeFi token powering Rayls, an institutional-grade blockchain network that bridges traditional finance (especially institutions) with decentralized finance (DeFi).

If you missed 250% on $TAKE DO NOT MISS $RLS.

Same pattern
Same chart
Same price action

— BitcoinHabebe (@Bitcoinhabebe)

Overtake Riding Bullish Momentum

Since savvy crypto investors frequently keep their eyes on the larger crypto market, they’ve probably noticed Overtake’s recent surges. TAKE witnessed a massive price surge of 250% over the past week, and also today recorded another 53.7% upside move, making its price currently trade at $0.05548. The recent and ongoing climbs prompted curiosity among people about this cryptocurrency’s future capability.

However, that is not the only top-performing crypto asset in the digital asset market, as the analyst identified that the Rayls (RLS) token is primed to present the same massive gains soon. Based on his technical analysis, BitcoinHabebe identified that both Overtake and Rayls display the same patterns, charts, and price actions in their weekly charts.

As per the weekly timeframe shared by the analyst, TAKE has recently printed massive moves, breaking out from its descending channel pattern, suggesting an imminent bullish reversal. The asset had been trading within a descending channel, recognized by lower highs and lower lows, displaying a downtrend. However, its recent upside movement, noted recently by its sharp 24-hour and weekly rises of 53.7% and 250%, respectively, enabled the asset to break out of this bearish channel, pointing out a change in momentum from bearish to bullish.

The breakout was supported by a massive 180.95% increase in trading volume (according to data from CoinMarketCap), indicating investors are significantly engaging in trading activity in the market, reinforcing stronger user enthusiasm. This rise has built the foundation for a greater potential uptrend in the coming days.

Missed TAKE Upsurge? RLS Spikes 7.9%, Ready to Explode After Descending Channel Escape: Analyst image 0 The current price of Overtake is $0.05820.

Rayls On Breakout, Follows Overtake Pattern

As identified by the analyst, Rayls is also displaying the same classic bullish flag pattern printed by the Overtake coin (as illustrated above), suggesting a looming RLS price surge. RLS price has been down 7.4% and 43.2% over the past week and monthly respectively, indicating its consolidation movement within a descending channel. However, today, the token witnessed a remarkable 7.9% jump, which makes its price currently stand at $0.005347 (as per CoinGecko data), meaning investors are progressively entering the market, positioning themselves for higher growth.

As recognized by the analyst, Rayls is following Overtake’s bullish pattern, currently in the process of breaking out of a clear descending channel, suggesting potential for significant upside movement soon. With their recent price surges and breakouts, both Overtake and Rayls provide investors with exacting opportunities, especially for traders seeking to take advantage of looming market momentum.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Defying the Market Downturn! Apple Joins the $5 Trillion Club

On Wednesday, the S&P 500 fell more than 1%, but Apple defied the trend, with its market capitalization officially surpassing $5 trillion, becoming the second company worldwide to reach this milestone after Nvidia. This market value breakthrough coincides with Cook stepping down and new CEO Ternus taking over. However, challenges such as Apple's shortcomings in AI and OpenAI's ambitions in hardware are creating undercurrents at the top of this $5 trillion summit.

华尔街见闻•2026/10/15 00:46
Defying the Market Downturn! Apple Joins the $5 Trillion Club

CoreWeave Dilemma for Nvidia: Forced to Rescue or Stand By?

As both a shareholder of CoreWeave and its sole GPU supplier, Nvidia now faces a dilemma after the sharp decline in CoreWeave's stock price. If it intervenes, each rescue strengthens expectations of a safety net, raises the threshold for future rescues, and risks getting further entangled in this high-leverage game. If it does not intervene, CoreWeave's liquidity crisis will directly cut off demand for GPU purchases, simultaneously devaluing Nvidia's equity investment and severely damaging its market reputation.

华尔街见闻•2026/10/15 00:21

US CPI Heats Up Across the Board, Triggering "Inflation Spiral" Alert; October Rate Hike Odds Once Hit 50%. "New Fed News Agency": Watch Waller's Speech This Week

After the CPI was released, the market-implied rate hike probability first rose to 50% before falling back to 40%. Wall Street generally believes that whether action will be taken in October still depends on how the Federal Reserve assesses inflation trends. "The New Fed News Agency" noted that, unlike in August when price increases were concentrated in certain items, the stronger-than-expected performance of September's core CPI was more broad-based, further reinforcing the case for a December rate hike. The speech by Waller on Friday morning Beijing time is his last public statement before the Fed's blackout period ahead of this month's meeting. Economists are warning about an "inflation spiral," with real purchasing power and midterm election pressures interweaving.

华尔街见闻•2026/10/14 23:02

The calm period in the US stock market is over! The S&P 500 ends its record of 53 consecutive trading days without a drop of over 1%. AI stock sell-off intensifies market concerns.

The S&P 500 Index fell by 1.1%, ending a streak of 53 consecutive trading days without a drop of 1% or more. This was the longest period of calm since January 2020.

智通财经•2026/10/14 22:37