The REN (REN) price is making an attempt at moving above an important resistance area, a breakout above which could trigger a rapid increase.
Rapid Upward Move Has Stalled
Since the beginning of March, the REN price has been subject to a rapid upward move that culminated with a high of $0.60, reached on Sept. 1. The high amounted to an increase of 2,828% when measuring from the March low of $0.0251. However, the price has been decreasing since.
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Breakout And Re-test
Cryptocurrency trader @Tradingroomapp tweeted a REN chart that outlines a potential increase of 36%, which would take the price towards $0.35 and $0.39.
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Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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Valdrin Tahiri
Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona School of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.
(I do not have a discord and will not contact you first there. Beware of scammers)
Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona School of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.
(I do not have a discord and will not contact you first there. Beware of scammers)
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