#AltcoinSeasonLoading Here’s the latest on REZ/USDT (Renzo):
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📊 Market Snapshot (as of July 17, 2025)
Price: ≈ $0.01450 USDT, down ~9–11% in the last 24 hours across major platforms
7-day performance: +45–50%, signaling a potential bounce from recent lows
All-time high: ~$0.20 in Apr–May 2024
24h volume: Strong activity at $130–145 million
Circulating supply: ~3.26 billion REZ; Market Cap: ~$45–47 million
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🔍 Technical Analysis & Trends
Downturn phase: After hitting a recent low around ~$0.007 on Jun 22, 2025, Renzo experienced a sharp ~100% rebound into mid-$0.01s .
Chart patterns: Analysts note a falling wedge forming on daily charts—typically a bullish reversal signal. Price consolidation between $0.013–$0.014 could set the stage for a breakout .
Key outline: Trendlines and wedge support levels around $0.0135–$0.0145 are crucial. Watch for bounce targets $0.017–$0.023 next .
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🛠️ What to Monitor
1. Support zones: $0.013–$0.0135 — critical level; a drop below could signal bearish continuation.
2. Resistance levels: $0.016–0.017 — breaking above may confirm the wedge breakout.
3. Volume surge: Climbing trading volume, especially on upward moves, would validate a solid rally setup.
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✅ Summary
Short-term: Still in correction, but technicals hint at a potential bullish reversal.
Mid-term: If the wedge breakout holds, upside toward $0.017–$0.023 is plausible.
Risks: Market remains volatile—if support breaks, price may revisit lower ranges.
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💡 If you're invested or watching:
Entry idea: Consider staggered buys between support levels ($0.013–$0.014); tighten stops below $0.013.
Profit targets: First zone at $0.017–$0.018, and extended target between $0.020–$0.023.
Let me know if you'd like deeper insight on Renzo's on-chain fundamentals, staking strategies, or sentiment from exchanges!