$REZ
REZ is the governance token of the Renzo Protocol, a liquid restaking platform on Ethereum that focuses on advanced staking strategies and yield optimization. It connects users to the EigenLayer ecosystem to help secure Actively Validated Services (AVSs) with liquid restaking benefits.
Token Highlights
Total supply: ~10 billion REZ
Circulating supply: ~6.1–6.7 billion (varies over sources)
Highly discounted from all-time highs (~$0.26) — currently down ~98%+ from peak levels.
On-chain metrics show high volatility and significant drawdowns over longer periods.
Technical & Market Sentiment
Recent technical indicators on some platforms show oversold conditions (e.g., low RSI) but most moving averages remain bearish, suggesting* long-term downward pressure still present*.
The token has been listed on multiple exchanges (Binance pairs, BitMart, MEXC, etc.), improving liquidity and access.
Risks
Highly speculative and closely tied to overall crypto market sentiment.
Heavy drawdowns from ATH imply large sell pressure or reduced demand.
Liquidity and token unlock schedules can impact price.
Bullish Factors
Continued interest in liquid restaking and Ethereum ecosystem expansion.
Listings and trading volume growth could support improved liquidity.
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