$REZ /USDT Is This Just the Beginning of a Major Rally❓
#RENZO is currently trading around $0.0244, showing impressive gains. Analysts have mixed predictions, with some expecting it to reach $0.043 in 2025, while more bullish forecasts suggest a potential surge up to $0.3165.
With increasing market interest and strong momentum, will REZ continue its upward trend, or is a correction on the horizon❓As always, research and risk management are key❗
$REZ /USDT - Explosive Breakout! Can Bulls Maintain the Rally?
$REZ is currently trading at $0.02521, surging 45.81% in the last 24 hours, reaching a high of $0.02525. The price has shown a strong parabolic move, but will this momentum sustain?
Time Frame: 4-Hour
Key Levels to Watch
Resistance: $0.02525 – A breakout above this level could push REZ toward $0.02650 and $0.02800.
Support: $0.02060 – If the price retraces, this level must hold to prevent further downside toward $0.01797.
Trade Setup
Long Entry: Above $0.02530, targeting $0.02650, $0.02800, and $0.03000.
Short Entry: Below $0.02400, with downside targets at $0.02250 and $0.02060.
Stop-Loss (SL): $0.01950 – A break below this could indicate trend reversal.
Market Insights
Parabolic SAR signals strong upward momentum.
MACD remains bullish, confirming buying pressure.
Order book shows 49.94% buy dominance, but sellers are nearly equal at 50.06%, suggesting a potential retracement before continuation.
Will REZ break past resistance and extend its gains, or is a pullback coming? Keep a close eye on price action.