Market Overview for Renzo/USDC (REZUSDC) on 2026-01-11

Summary
• Price action on REZUSDC broke below key support of $0.00555, forming bearish engulfing patterns.
• Momentum weakened with RSI below 30 and declining volume, indicating potential oversold conditions.
• Volatility expanded as price traded within widening Bollinger Bands after a consolidation phase.
• Turnover increased in early hours but diverged from price during the late session.

Renzo/USDC (REZUSDC) opened at $0.00565 on 2026-01-10 at 12:00 ET, reached a high of $0.00576, and fell to a low of $0.00525, closing at $0.00532 on 2026-01-11 at 12:00 ET. The 24-hour volume totaled 10,027,344.3 units, with a notional turnover of $52,383.78.

Structure & Formations

The price of REZUSDC broke below key support at $0.00555 during the early hours, forming bearish engulfing patterns and a long lower shadow doji near the session low. This suggests a shift in sentiment from bullish to bearish. A potential short-term support level appears at $0.00533–$0.00525, with a retest of this zone expected.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages diverged sharply in the latter half of the session, with the 50-period line crossing below the 20-period line, indicating a bearish signal. On the daily chart, the price closed below the 50-period and 200-period moving averages, reinforcing a bearish bias for the next 24 hours.

MACD & RSI

MACD showed a bearish crossover in the early hours, with the histogram shrinking toward the zero line. RSI dipped below 30 during the late hours, suggesting oversold conditions. However, the divergence between price and RSI suggests that the bearish move may not yet be exhausted.

Bollinger Bands

Volatility expanded as the price broke below the lower Bollinger Band, reaching a low of $0.00525. The bands had been in a consolidation phase earlier in the session but expanded after the price dropped below key support. This widening suggests increased uncertainty or panic selling.

Volume & Turnover

Volume spiked in the first two hours of the session and again after 06:00 ET, but remained subdued in the late hours, suggesting a lack of follow-through selling. Notional turnover increased in the early session but diverged from price in the final hours, with price continuing lower despite declining volume.

Fibonacci Retracements

On the 5-minute chart, price retested the 61.8% Fibonacci retracement level around $0.00535 before breaking lower. On the daily chart, a retest of the 38.2% retracement level at $0.00545 appears unlikely without a sharp reversal.

The price may remain under pressure in the next 24 hours if the $0.00533–$0.00525 support holds. A break below $0.00525 could lead to further downward extension. Investors should remain cautious of low-volume bounces and potential follow-through selling.