REZUSDC Market Overview: Bullish Breakout Amid High Volatility

• REZUSDC saw a 24-hour range from $0.01145 to $0.01414 with a closing gain of $0.00008 (0.7%)
• Strong bullish momentum emerged after 19:45 ET with a 5% rally to $0.01406 amid high volume
• Volatility expanded as price broke above a key 0.01327 level and retested it twice before a final push
• Divergence between volume and price appeared in the last 6 hours, suggesting short-term consolidation ahead
• RSI (14) reached 65, suggesting overbought conditions, but momentum remains intact

Renzo/USDC (REZUSDC) opened at $0.01162 on 2025-09-17 at 12:00 ET and closed at $0.01282 on 2025-09-18 at 12:00 ET, reaching a high of $0.01414 and a low of $0.01145. Total traded volume over the 24-hour window was 38,678,945.1 units, with notional turnover of approximately $513,649.

The price action on REZUSDC showed a distinct bullish breakout trend during the evening hours of 2025-09-17, particularly from 19:45 ET onward, when a sharp rally driven by high volume pushed price above prior resistance at $0.01327. This level had previously acted as a ceiling, but a series of green bodies with strong close-to-high behavior indicated institutional conviction. A strong bearish engulfing pattern appeared near the early morning lows on 2025-09-18, but a lack of follow-through selling allowed the longs to reclaim control.

Structure & Formations

Key support levels include $0.01271 and $0.01257, with $0.01257 acting as a recent pivot point. Resistance was notably breached at $0.01327, followed by a retest at $0.01321 and $0.01327. A large bullish harami pattern emerged at $0.01312, suggesting short-term accumulation. Doji and spinning top candles emerged during late trading, signaling indecision.

Moving Averages

On the 15-minute chart, price closed above both the 20-period and 50-period EMAs, indicating short-term bullish momentum. The 50-period EMA at $0.01304 and the 20-period EMA at $0.01317 confirm the uptrend. On a daily scale, the price remains above all major moving averages, suggesting a continuation of the bullish trend.

MACD & RSI

The MACD crossed above the signal line late in the 2025-09-17 session, confirming bullish momentum. The histogram showed expansion, especially after 19:45 ET. RSI reached 65 during the late rally, indicating overbought conditions, but divergence between price and RSI emerged in the final 6 hours. This suggests caution for near-term buyers.

Bollinger Bands

Volatility expanded sharply during the breakout, with price moving from the lower band to the upper band in under 4 hours. The Bollinger Band squeeze occurred in the early morning hours, followed by a violent expansion. Currently, the price is sitting near the upper band, suggesting elevated bullish momentum but also potential for pullback.

Volume & Turnover

Volume surged during the 19:45–20:30 ET period, with the largest single 15-minute volume spike at 5,042,610.0 units (13.02 ET), matching the breakout phase. Turnover during this period reached a peak of $65,859. A divergence between price and volume appeared in the last 6 hours, with volume declining despite the price remaining near highs. This could signal a potential consolidation phase.

Fibonacci Retracements

Key retracement levels on the 15-minute chart include 61.8% at $0.01304 and 78.6% at $0.01327. The 0.618 level coincided with a key support area that held during the 2025-09-18 sell-off. On the daily chart, 61.8% retracement at $0.01285 is a key watch level for potential support.

Backtest Hypothesis

Given the technical backdrop—particularly the breakout above a prior high and the confirmation from moving averages and MACD—a potential backtesting strategy could involve entering a long position with a stop-loss placed below the last major support at $0.01257. A take-profit level could be set at the 0.618 Fibonacci extension, around $0.0136–$0.0138. This strategy would rely on the assumption that the breakout represents a continuation of a multi-day bullish trend, supported by volume and momentum indicators. A trailing stop could be added after the price confirms a hold above $0.01327 to lock in gains. This approach aligns with the recent price behavior, where accumulation and bullish divergence preceded a strong move higher.