REZ: Turns Upwards on AI Crypto Convergence
Michaël van de Poppe states that $REZ is turning upwards as more projects target AI and crypto convergence while most tokens remain undervalued, with resistance eyed at $0.0055-0.0057.
SourceAnalysis
Michaël van de Poppe notes $REZ has started to turn upwards because additional projects are advancing the convergence between AI and crypto, leaving most tokens undervalued.
The token posted a strong September impulse that drove price to $0.005, followed by a correction and consolidation that swept below $0.0034 before the current recovery.
Price now tests upper Bollinger resistance at $0.0 while RSI(14) sits at 62.15 in neutral territory and MACD shows a bearish death cross; with the bullish EMA50 and EMA200 both at $0.0 acting as long-term support, a healthy retracement toward those levels appears probable before the next leg higher toward the $0.0055-0.0057 zone.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast