Outlook REZ
Renzo is liquid restaking on the Eigen Layer. With restaking, users can earn additional rewards from tokens they have already staked, without needing to withdraw assets from the main platform.
The RSI is around the 41.78 level, indicating a near-oversold condition. This could mean there is potential for a bullish reversal if momentum shifts.
There is relatively high volume on the lower side of the chart. This high volume indicates a significant level of trading interest, which could confirm the anticipated price movement.
REZ is likely to dip first into the Sell Side Liquidity area before bouncing upward towards the Buy Side Liquidity area. If it successfully breaks market structure (BMS) in the demand area/buy side liquidity, there is a potential upside of around 65.43%.
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The RSI is around the 41.78 level, indicating a near-oversold condition. This could mean there is potential for a bullish reversal if momentum shifts.
There is relatively high volume on the lower side of the chart. This high volume indicates a significant level of trading interest, which could confirm the anticipated price movement.
REZ is likely to dip first into the Sell Side Liquidity area before bouncing upward towards the Buy Side Liquidity area. If it successfully breaks market structure (BMS) in the demand area/buy side liquidity, there is a potential upside of around 65.43%.=====================================================================
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