Renzo’s REZ Compresses Below $0.015 with 53% Breakout Potential to $0.02279
Technical Analysis of REZ: The Renzo protocol's native token, REZ, has formed a falling wedge pattern, suggesting a potential bullish breakout that could target a price of approximately $0.02279, representing a 53% upside from its current trading level of $0.01470.
Market Metrics and Outlook: Despite having a total value locked (TVL) of $969 million, REZ's market cap is relatively low at $41.41 million, indicating possible undervaluation; however, analysts advise caution as confirmation of a breakout is needed before making any conclusions about future price movements.
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Technical Analysis for REZ
Technical Sentiment Analysis for Renzo (REZ) As of , Renzo (REZ) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for REZ stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, REZ is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Renzo (REZ) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00099 | 0.00188 | 0.00264 | 0.00353 | 0.00429 | 0.00519 | 0.00594 |
| Fibonacci | 0.00188 | 0.00252 | 0.0029 | 0.00353 | 0.00417 | 0.00455 | 0.00519 |
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