$REZ 40% price surge in 24 hours reflects bullish technicals, altcoin rotation, and anticipation of July 31 token unlock dynamics.
Breakout from falling wedge pattern
Institutional restaking adoption via new vaults
Altcoin season momentum (25% index rise weekly)
Deep Dive
1. Technical catalyst
REZ broke above its falling wedge pattern (resistance at $0.013) with 994% volume spike to $287M, confirming bullish momentum. The 7-day RSI at 84 signals overbought conditions, but the MACD histogram turned positive (+0.000397) for the first time since June’s crash. Fibonacci extensions suggest $0.0168 (200%) as next resistance if buying persists.
2. Market dynamics
Altcoin rotation: Crypto market cap rose 6.5% in 24h with altcoin season index up 25% weekly
Sector focus: Restaking narratives regained attention as EigenLayer’s TVL crossed $15B (CoinMarketCap)
Institutional adoption: June’s launch of compliant restaking vaults for traditional finance players boosted credibility
Conclusion
REZ’s rally combines technical momentum with sector-specific catalysts, though July 31’s 3.17% token unlock ($1.3M at current prices) could test sustainability.
Will liquid restaking protocols maintain leadership as Ethereum’s Shapella upgrades approach?