Complete Analysis:
The REZUSDT pair is currently showing a highly compelling setup, as price approaches a long-term descending trendline that has held since May 2024. This is a pivotal moment that could dictate the next significant move—either a bullish breakout or a bearish rejection continuation.
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📉 Pattern and Structure
The chart is forming a large Descending Triangle pattern, with the descending trendline consistently pushing the price lower for over a year.
Price is now nearing a key horizontal resistance at approximately 0.01826 USDT, which also intersects with the long-term trendline.
The lowest support level sits at 0.00698 USDT, marking the bottom from a major previous decline.
---
📈 Bullish Scenario
If the price successfully breaks and closes above the trendline (~0.01826 USDT), then:
The next potential upside targets could be:
0.03254 USDT
0.04627 USDT
0.06289 USDT
This breakout could signal a trend reversal in the medium term, especially if accompanied by strong volume.
---
📉 Bearish Scenario
However, if the price gets rejected at this resistance area:
It could pull back toward:
The minor support at 0.01200 USDT
The major support at 0.00698 USDT
A rejection at this trendline would confirm the continuation of the bearish descending triangle pattern, which traditionally favors further downside.
---
🧠 Conclusion:
REZUSDT is currently in a make-or-break zone. The market’s reaction to the descending trendline will be crucial in determining the next move. Traders should monitor volume and wait for a solid candle confirmation before entering any position.
#REZUSDT #CryptoAnalysis #TechnicalAnalysis #AltcoinBreakout #DescendingTriangle #CryptoTrading #TrendlineBreak #SupportResistance #REZAnalysis #BreakoutWatch
The REZUSDT pair is currently showing a highly compelling setup, as price approaches a long-term descending trendline that has held since May 2024. This is a pivotal moment that could dictate the next significant move—either a bullish breakout or a bearish rejection continuation.
---
📉 Pattern and Structure
The chart is forming a large Descending Triangle pattern, with the descending trendline consistently pushing the price lower for over a year.
Price is now nearing a key horizontal resistance at approximately 0.01826 USDT, which also intersects with the long-term trendline.
The lowest support level sits at 0.00698 USDT, marking the bottom from a major previous decline.
---
📈 Bullish Scenario
If the price successfully breaks and closes above the trendline (~0.01826 USDT), then:
The next potential upside targets could be:
0.03254 USDT
0.04627 USDT
0.06289 USDT
This breakout could signal a trend reversal in the medium term, especially if accompanied by strong volume.
---
📉 Bearish Scenario
However, if the price gets rejected at this resistance area:
It could pull back toward:
The minor support at 0.01200 USDT
The major support at 0.00698 USDT
A rejection at this trendline would confirm the continuation of the bearish descending triangle pattern, which traditionally favors further downside.
---
🧠 Conclusion:
REZUSDT is currently in a make-or-break zone. The market’s reaction to the descending trendline will be crucial in determining the next move. Traders should monitor volume and wait for a solid candle confirmation before entering any position.
#REZUSDT #CryptoAnalysis #TechnicalAnalysis #AltcoinBreakout #DescendingTriangle #CryptoTrading #TrendlineBreak #SupportResistance #REZAnalysis #BreakoutWatch
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✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.