📉 Is the bearish trend in #REZ coming to an end?
Renzo has become one of the leaders among altcoins in the drop. It even updated its all-time low.
At the same time, the price stopped around $0.014 as support. At the moment of maximum capitulation of the bulls, liquidity was pulled below that level.
That said, the movements of the last few months have accumulated many arguments in favor of a rise 📈:
1. Global bullish divergence with the RSI.
2. Local bullish divergence with the RSI.
3. Formation of a bullish wedge.
Overall, we should expect at least a significant bullish bounce in this area in the short term
