Technical Analysis for $REZ /USDT
Current Price: $0.03665 (+7.10%)
The price of REZ has shown positive momentum after bouncing from the 24h Low ($0.03409). However, short-term selling pressure may limit immediate upward movement.
Support & Resistance Levels:
Support: $0.03500 (Key zone to watch for further drops)
Resistance: $0.03800 (Immediate resistance before upward momentum)
Indicators:
RSI (Relative Strength Index): Near 55, indicating neutral to slight bullish sentiment.
MACD: Positive crossover indicates potential for upward momentum if sustained.
Moving Averages:
50-EMA: Bullish crossover above price, providing support at $0.03550.
200-EMA: Slightly higher, showing medium-term resistance at $0.03850.
Trade Signal
Entry Point:
Buy Zone: $0.03550–$0.03650 (On retests or dips)
Target Levels 🎯:
1. Target 1: $0.03800 (Short-term resistance, ~3.7% gain)
2. Target 2: $0.03950 (Key breakout level, ~7.7% gain)
3. Target 3: $0.04100 (Potential if momentum sustains, ~11.9% gain)
Stop-Loss:
$0.03400 (Below the 24h low for capital protection)
Momentum Outlook:
Bullish Bias: If the price breaks and holds above $0.03800, momentum could accelerate toward $0.03950 and $0.04100.
Bearish Risk: A break below $0.03400 could trigger further sell-offs toward $0.03250.
Monitor trading volumes and overall DeFi market sentiment to confirm trend continuation.