On January 15-16, the REP price doubled in value. But, the higher price levels could not be sustained and REP has been decreasing since.
The failure of the price to break out above the previous breakdown level is a bearish development, and despite the recent surge, we do not believe REP has begun a long-term upward trend yet.
Well-known trader and investor DonAlt (@CryptoDonAlt) made a
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