Market Overview for Renzo/USDC (REZUSDC) on 2025-09-15

• REZUSDC fell 0.43% in 24 hours, closing below key resistance at $0.01195.
• Volume spiked sharply between 5–7 AM ET as price dipped to a 24-hour low of $0.01128.
• RSI entered oversold territory (31) and appears to have formed a bullish double-bottom.
• A bullish engulfing pattern emerged around $0.01130–$0.01136 during the final 3 hours of the day.
• Volatility expanded dramatically between 9–11 AM ET, with Bollinger Bands widening by ~15%.

Renzo/USDC (REZUSDC) opened at $0.01183 on 2025-09-14 at 12:00 ET and closed at $0.01141 on 2025-09-15 at 12:00 ET. The pair reached a high of $0.01227 and a low of $0.01128 during the 24-hour period. Total volume amounted to 16,842,863.0 and notional turnover (amount × price) was $200.24.

Structure & Formations

Price action for REZUSDC displayed a bearish bias throughout the 24-hour window, punctuated by a sharp selloff between 9–11 AM ET, which took price from $0.01175 to a low of $0.01128. Key support levels were identified at $0.01140 and $0.01130, with the latter being a potential short-term floor. A bullish engulfing pattern emerged during the last 3 hours of the period, suggesting possible short-term reversal. Doji formed at $0.01204 and $0.01165, indicating indecision at those levels. Resistance remains near $0.01195 and $0.01204.

Moving Averages

On the 15-minute chart, the 20-period MA (0.01194) and 50-period MA (0.01187) crossed to the bearish side late in the day, confirming downward momentum. Price has spent most of the session below both lines, with a brief crossing back near the 20 MA occurring during the bullish engulfing pattern. On the daily chart, the 50 MA (0.01203), 100 MA (0.01208), and 200 MA (0.01212) remained above price, reinforcing a bearish bias from a longer-term perspective.

MACD & RSI

MACD turned negative in the final 6 hours of the session, with a bearish crossover occurring around 5 AM ET. The histogram has been trending downward, aligning with the selloff. RSI reached 31 by the end of the day, entering oversold territory. While this could signal a short-term bounce, bearish momentum remains intact unless price reclaims the 50-period MA. A bullish divergence in RSI during the last hour suggests caution for further downside.

Bollinger Bands

Volatility expanded sharply between 9–11 AM ET, widening Bollinger Bands by ~15%. Price traded below the lower band for much of that time before finding support at $0.01128. The bands have since contracted again, suggesting a potential consolidation phase. As of the close, price is trading near the lower half of the bands, which may indicate increased bearish pressure unless a breakout occurs above the upper band or a rebound takes place.

Volume & Turnover

Volume spiked sharply between 5–7 AM ET, with over $1.6 million of trading activity occurring around the $0.01130–$0.01145 range. This volume was accompanied by a price drop to the 24-hour low, suggesting conviction in the bearish move. Notional turnover peaked at $0.01161 with ~$2.2 million of turnover, followed by a decline as price fell. A divergence between volume and price action is evident, with rising volume not translating to higher lows, indicating a potential exhaustion of bearish pressure.

Fibonacci Retracements

On the 15-minute chart, the recent low of $0.01128 and high of $0.01227 define a swing range. Price has now retested the 61.8% retracement level at $0.01161 and is now consolidating around the 38.2% level at $0.01158. On the daily chart, the 50% Fibonacci level sits at $0.01183, which has historically acted as a pivot. A break above $0.01195 would test the 61.8% level at $0.01198, while a drop below $0.01140 would suggest a 78.6% retracement.

Backtest Hypothesis

Given the bearish bias in price, confirmed by the 20/50 MA crossover and RSI entering oversold territory, a potential backtesting strategy could involve a short bias with a target entry just below $0.01140. A stop-loss could be placed above the 38.2% Fibonacci retracement at $0.01158. A close above $0.01165 would invalidate the bearish case and suggest a reversal. A trailing stop or take-profit at $0.01130–$0.01135 could capture a short-term bounce, with the ultimate target at $0.01145 if a bullish engulfing pattern holds. This setup could be tested across similar market conditions where a double-bottom RSI forms after a sharp selloff.