Renzo ($REZ ) Strengthened by around 30% in the Last 24 Hours 📈
Renzo ($REZ ) recorded a significant price surge today, strengthening up to +30% to a level of $0.01412 with trading volume soaring to 1.72 billion REZ. This increase brought REZ to a 24-hour high of $0.01492, before slightly correcting but still holding strong above the MA(7), MA(25), and MA(99) lines — indicating a fairly solid short-term momentum.
This price surge was accompanied by a very unusual spike in volume, signaling that market interest is returning to liquid restaking assets based on Ethereum. REZ, which is part of the EigenLayer ecosystem, is currently being widely discussed among speculators and DeFi players who are beginning to see the potential of the restaking narrative as the next yield-driving sector following LST (Liquid Staking Token).
From a technical perspective, the chart structure shows a strong breakout from the consolidation area around $0.01037, and has the potential to form a higher-high structure if it can maintain momentum above $0.0135. However, investors need to be cautious of potential short-term profit-taking actions following today’s sharp surge.
Meanwhile, historically, REZ is still significantly down over the past year (-65.69%), today’s rally provides an early signal that sentiment towards this project is beginning to improve, especially if further integration with restaking protocols becomes more apparent in the upcoming quarter.
📌 Disclaimer: Not Promotion & Not Financial Advice
