Renzo/USDC (REZUSDC) Market Overview

• Price surged 16.2% from 0.01130 to 0.01258 in 24 hours, driven by late-day breakout above key resistance.
• RSI hit overbought levels (70+), and MACD crossed bullish, confirming momentum despite high volatility.
• Volume spiked during final 6-hour stretch, with 7.3M USDC traded, suggesting strong accumulation.
• Bollinger Bands showed strong expansion in the last 12 hours, reflecting increased market participation.
• A bullish engulfing pattern formed at the 0.01108 level, suggesting strong buying pressure post-dip.

Renzo/USDC (REZUSDC) opened at 0.01130 on 2025-09-23 at 12:00 ET and closed at 0.01258 as of 2025-09-24 at 12:00 ET, reaching a high of 0.01276 and a low of 0.01086. Total 24-hour volume amounted to 103,678,052.5 USDC, with total turnover estimated at ~$1.3 billion (assuming $1.00 = 1 USDC).

Over the past 24 hours, REZUSDC exhibited a clear bullish trend, breaking through key resistance levels and forming a strong accumulation pattern. The price surged above the 0.01142 50-period and 20-period moving averages on the 15-minute chart by the end of the session, confirming a short-term reversal in sentiment. The most significant price action occurred between 09:00 and 12:00 ET on 2025-09-24, where volume and turnover spiked sharply, driving the pair above the 0.01200 psychological threshold. Notably, the 0.01108 level served as a strong support, where a bullish engulfing pattern formed during the early morning hours, indicating a reversal from bearish to bullish bias.

On the 15-minute chart, the MACD crossed above zero around 07:30 ET, signaling the start of a bullish momentum phase. RSI also rose above 70 during the final hours, suggesting overbought conditions, but the price was able to maintain strong upward momentum without a significant pullback. Bollinger Bands expanded significantly between 09:00 and 16:00 ET, reflecting increased volatility and trader activity. Price stayed above the 20-period MA for most of the session, indicating continued conviction in the upward trend. The 0.01136 and 0.01162 levels acted as both support and resistance in earlier periods, with the 0.01143 level (61.8% Fibonacci retracement from the 0.01086–0.01276 swing) holding during multiple retests.

The 15-minute RSI hit 78 at 15:30 ET, indicating overbought conditions, while the 20-period MA (0.01136) was crossed above at 07:30 ET, confirming a bullish bias. The 50-period MA followed suit, with both indicators reinforcing the upward trend. Volume was particularly strong in the 09:00–16:00 ET period, aligning with price gains and confirming the strength of the breakout. A potential next target for REZUSDC is 0.01285–0.01300, based on the 123.6%–138.2% Fibonacci projections from the recent swing low. However, a pullback to the 0.01208–0.01216 range could occur if short-term traders profit, testing the 20-period MA again.

Backtest Hypothesis

Given the recent breakout above the 0.01200 level and confirmation via both RSI and MACD, a potential backtesting strategy could involve a long entry at 0.01216 with a stop loss placed below the 0.01200–0.01208 consolidation zone. A take-profit target could be set at the 0.01245–0.01260 range, aligning with the 38.2%–50% Fibonacci retracement levels from the earlier 0.01086–0.01276 move. This strategy would leverage the bullish engulfing pattern at 0.01108 and the increasing volume-to-price alignment seen in the past 6 hours. Further refinement could include trailing stops after a 5–7% move to protect gains. This setup, if tested over multiple bullish breakouts in a similar environment, may offer an edge in a trending market with strong accumulation.