The cryptocurrency market is abuzz with speculation as Rez token shows signs of a potential bullish breakout. After enduring a lengthy downtrend, traders are keenly observing the formation of a wedge pattern that could signal a significant price movement in the near future, and the publication demonstrates positive momentum in the developments.
Rez's Current Wedge Pattern
Rez is currently consolidating within a wedge pattern, which is often seen as a precursor to a breakout. This formation is taking place near the lower boundary of a downtrend channel, raising hopes among investors for a reversal in fortunes.
Potential Price Increase
Recent trading data suggests that if Rez successfully breaks out of this pattern, it could experience a staggering price increase of approximately 376% from its current level. As the market watches closely, the next few weeks will be pivotal in determining whether Rez can overcome the challenges posed by an 18-month bearish trend and regain momentum.
