Liquid restaking token REZ experienced a 10% price surge during early Asian trading hours on Tuesday. The jump followed Coinbase's announcement of the token's addition to its listing roadmap.

The US-based exchange has yet to confirm an official launch date. This preliminary step represents the initial phase toward integrating the altcoin onto its platform.

Technical indicators suggest the Coinbase-driven momentum may be short-lived. REZ's Super Trend indicator currently forms dynamic resistance above its price at $0.020. The indicator displays as a line on price charts that changes color to signify market trends—green for uptrends and red for downtrends.

"When an asset's price trades below the Super Trend indicator, it is in a bearish trend," noted market analysts. This configuration signals that market participants currently favor selling holdings over accumulating new tokens.

The token's Directional Movement Index adds further evidence of bearish sentiment. REZ's positive directional index (+DI) currently sits below its negative directional index (-DI). This arrangement indicates that bearish momentum exceeds bullish momentum in current trading conditions.

REZ now approaches a critical juncture in its price action. If selling pressure intensifies, the token risks dropping to its all-time low of $0.013. The altcoin briefly touched this level during Tuesday's early sessions before rebounding on the Coinbase announcement.

Conversely, increased demand could push REZ above the resistance formed by its Super Trend indicator at $0.020. A successful breach of this level might propel the token toward the $0.026 price target, according to technical analysis.

Disclaimer: The information provided in this article is for educational purposes only and should not be considered financial or legal advice. Always conduct your own research or consult a professional when dealing with cryptocurrency assets.