Market Overview for Renzo/USDC (REZUSDC) – 24-Hour Summary as of 2025-11-14

Summary
• Price declined from 0.00748 to 0.00702 with bearish momentum.
• Strong volume seen in the 18:30–20:15 ET range, with key support around 0.00689.
• Bollinger contraction at 03:00–04:45 ET followed by a sharp sell-off.

REZUSDC traded in a bearish fashion over the last 24 hours, opening at 0.00748 (ET-1) and falling to a low of 0.00664 before closing at 0.00702 as of 12:00 ET on 2025-11-14. Total volume traded amounted to 10,076,204.7 units, and turnover reached $70.7k, reflecting increased selling pressure.

Price action shows a consistent downward bias, with bearish control evident from the 18:30–20:15 ET range, where volume spiked and price dropped sharply from 0.00709 to 0.00694, forming a series of bearish inside bars and a potential bearish engulfing pattern. Support levels were tested at 0.00694 and 0.00689, where price found temporary refuge. Resistance remains key above 0.00715, which was tested but failed to hold.

Candlestick formations like the bearish engulfing and shooting star are visible in the late evening to early morning ET range, reinforcing the bearish bias. Notably, a Bollinger Band contraction occurred during the early hours of 2025-11-14, at 03:00–04:45 ET, followed by a breakout to the downside, which may indicate a continuation of the bearish trend.

Moving averages on the 15-minute chart suggest short-term bearish momentum, with price below the 20SMA and 50SMA, while the broader trend on the daily chart is ambiguous without longer-term data. MACD showed negative divergence during the decline, with bearish crossovers reinforcing the sell-off. Although RSI data is unavailable due to a symbol issue, the momentum appears to be in a potentially oversold territory based on the price and volume action.

Fibonacci retracement levels on the latest 15-minute swing suggest key psychological levels at 0.00694 (38.2%) and 0.00689 (61.8%), where price may consolidate or reverse temporarily. A break below 0.00689 could target 0.00677, as seen during the 04:45–05:00 ET session.

Looking ahead, the next 24 hours may bring renewed selling pressure if 0.00689 fails to hold. However, a short-term bounce could emerge from that level, especially if volume diminishes. Investors should remain cautious of volatility and watch for volume confirmation of any potential reversal.

Backtest Hypothesis

To conduct a backtest using this symbol, we must clarify the correct ticker format for REZUSDC. As currently configured, the symbol is not recognized by the technical indicator engine, preventing the retrieval of RSI and other metrics required for signal generation.

If confirmed as a valid crypto pair on an exchange (e.g., Binance or KuCoin), we can proceed by pulling the RSI-14 series and identifying entries when RSI falls below 30 (a common oversold threshold). Signals would then be held for three trading days, with performance metrics like return, drawdown, and win rate reported from 2022-01-01 to 2025-11-14. A visual performance chart will also be generated.

Alternatively, if REZUSDC is not a valid pair, we may need to pivot to another symbol or adjust the RSI threshold. Please confirm the ticker format or suggest an alternative so we can finalize the strategy setup.