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Augur (REP) Has Broken Out From Two-Year Long Resistance Line
In brief
The REP price is likely trading inside an ascending wedge.
There is strong support at ₿0.001725, while there is resistance at ₿0.0032 and ₿0.005.
REP has broken out from a long-term descending resistance line.
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At the beginning of June, the Augur (REP) price broke out from a descending resistance line that had been in place for almost 900 days. The price followed that up with a breakout above a significant resistance area. While it seems that REP has begun an upward trend, a short-term retracement could occur before the price resumes moving upwards. Weekly Outlook The weekly chart shows that
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