Bullish Case: RELY's upward momentum, supported by strategic partnerships like Visa and growing user base, indicates potential for continued growth. Positive social sentiment aligns with the company's innovative approach, fostering trust and loyalty.

Bearish Case: High competition, volatility concerns, and potential regulatory hurdles could hinder RELY's performance. Persistent market skepticism about valuation might weigh on price, especially with elevated implied volatility.

Potential Outcomes:

• Increased demand from strategic partnerships (30%).
• Bullish recovery due to partnerships (35%).
• Bearish decline from competition (25%).
• Stability in price with low volatility continues (30%).
• Prolonged stagnation, maintaining current price levels (55%).

Trading Oracle: Consider a bullish debit spread with mid-term expiration: Buy RELY July 18, 2025 22.5C, Sell 25C. Leverage backwardation and elevated call volume for upside potential. High-reward, low-risk trade focuses on positive momentum into 2025.

January 29, 2025