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Summary
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Renzo/USDC (REZUSDC) opened at 0.00536 on 2026-01-07 12:00 ET, reached a high of 0.00549, and a low of 0.00504 before closing at 0.00525 on 2026-01-08 12:00 ET. Total volume was 7.27 million
, and notional turnover was $39,390.Structure & Formations
Price broke below the 0.00525 support level, confirmed by a bearish engulfing pattern at 0.00519–0.00521. A cluster of consolidation near 0.0052–0.00525 formed resistance, while the low at 0.00518 now acts as immediate support. A bullish reversal is possible if price closes above 0.00525.

Moving Averages
The 5-minute 20-period MA has moved below the 50-period MA, indicating a bearish bias in the short term. On the daily chart, the 50- and 100-day MAs are converging, with the 50-day slightly above the 100-day, suggesting a possible flattening of momentum.
MACD & RSI
MACD turned negative and remains below the signal line, reinforcing bearish momentum. RSI dipped into oversold territory during the decline but has rebounded slightly, suggesting a potential short-term rebound if buying pressure increases.
Bollinger Bands
Volatility contracted sharply before the breakdown near 0.0052–0.00525, followed by a sharp expansion to the downside. Price has now moved to the lower Bollinger band, indicating an extreme in the move and increasing the chance of a retracement to the mean.
Volume & Turnover
Volume surged during the breakdown to 0.00518–0.00519, confirming the move lower. However, recent volume has been declining even as price stabilizes, suggesting a possible pause in selling pressure. No clear divergence is present yet.
Fibonacci Retracements
On the 5-minute chart, the 61.8% Fib level at 0.00519 was tested and held, while the 38.2% level at 0.00524 appears to be resistance. On the daily chart, the 61.8% level from a prior high-to-low move may provide a key near-term target if buyers return.
Price could test 0.00525–0.00526 in the next 24 hours, with a successful close above this level suggesting a resumption of upward momentum. Traders should remain cautious about potential consolidation or a false breakout.
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