Market Overview for Renzo/USDC (REZUSDC) on 2025-11-13

Summary
• Price closed at 0.00751, down from 0.00761 at 12:00 ET-1.
• Volume spiked to 526,710.6 at 23:45 ET-1, followed by consolidation.
• Overbought conditions briefly emerged in the early morning before reversal.

Renzo/USDC (REZUSDC) opened at 0.00761 on 2025-11-12 at 12:00 ET-1 and reached a high of 0.00770 before closing at 0.00751 at 12:00 ET on 2025-11-13. The pair traded between 0.00736 and 0.00770 during the 24-hour period. Total volume was 7,728,900.0 units, with turnover reaching approximately $58,052.95.

The 15-minute chart shows a clear bearish bias in the second half of the trading day, with price failing to hold above the 0.00756–0.00760 range that acted as a key resistance. A long-wick doji near the 0.00756 level (at 18:30 ET-1) and a bearish engulfing pattern at 19:15 ET-1 signaled weakening momentum and a potential reversal. Support at 0.00752 has held multiple times, with price testing this level from below and from above, suggesting it may be short-term pivotal. A bullish reversal candle at 00:45 ET (closing at 0.00760) indicates possible short-term buying interest.

Volume activity was most notable just before the close on the previous day and at 23:45 ET-1, where a bearish bar with a high volume of 526,710.6 units confirmed the breakdown. However, turnover has remained relatively low despite price swings, indicating cautious market participation. Bollinger Bands show a moderate expansion after a brief contraction, with price currently hovering near the lower band, hinting at potential oversold conditions. RSI dropped into oversold territory briefly but failed to generate a strong rebound, suggesting a lack of conviction among buyers.

The 20-period moving average on the 15-minute chart dipped below the 50-period line, signaling a potential short-term bearish crossover. On the daily chart, the 50-period MA is above the 100- and 200-period lines, suggesting a more neutral to slightly bullish bias in the medium term. MACD remains in negative territory with a shrinking histogram, indicating waning bearish momentum. A consolidation phase is expected unless price can re-test the 0.00760–0.00765 resistance with higher volume and closing strength.

Backtest Hypothesis
The proposed backtesting strategy aims to exploit short-term support and resistance levels using the REZUSDC pair. A long position would be triggered when price touches or falls below a defined support level, such as 0.00752, with the entry signal based on a close below that level. A 5-day time-based exit would then apply, with no stop-loss or take-profit parameters. For a robust back-test, the precise price series and rule definitions (e.g., intraday close vs. intraday low) need confirmation to ensure accurate signal generation. Using the provided OHLCV data from 2025-11-12 to 2025-11-13, this approach could be validated with a broader historical dataset to assess profitability and risk-adjusted returns.