The Ren value prediction reveals that REN may keep above the 9-day and 21-day transferring averages for it to create extra further uptrends.
Ren Prediction Statistics Data:
- Ren value now – $0.107
- Ren market cap – $108.3 million
- Ren circulating provide – 999 million
- Ren whole provide – 999.9 million
- Ren Coinmarketcap rating – #168
Resistance ranges: $0.150, $0.152, $0.154
Support ranges: $0.052, $0.050, $0.048
Looking on the every day chart, REN/USD crosses above the 9-day and 21-day transferring averages inside the channel. The cryptocurrency is now heading towards the higher boundary of the channel, and may the consumers push the coin above this barrier, it could stay on the upside.
Ren Price Prediction: REN May Create Additional Upsides
The Ren value is on the time of writing buying and selling bullishly, if the resistance of $0.115 offers means, the bulls might cross above the higher boundary of the channel, and the coin may create further bullish tendencies. According to the every day chart, the bullish situation is stepping again into the market as consumers proceed to publish agency commitments into the market. However, merchants may see a pointy rise out there if the coin reaches the resistance stage of $0.130; this might additional strengthen the market to the resistance ranges of $0.150, $0.152, and $0.154.
On the draw back, a decrease attainable swing might doubtless come into the market to retest the earlier assist if the coin slide under the 9-day and 21-day transferring averages. However, if the bears handle to gas the market, merchants might anticipate an additional drop to the assist ranges of $0.052, $0.050, and $0.048 respectively. On the opposite hand, the technical indicator Relative Strength Index (14) is now transferring to cross above the 60-level, indicating that the market might proceed with the upward motion.
Against Bitcoin, the Ren value stays above the 9-day and 21-day transferring averages in different to cross above the higher boundary of the channel. However, this resistance stage is anticipated to successfully exceed in order that the market value might find yourself closing above it.
On the opposite hand, if REN/BTC trades under the transferring averages, it may refresh lows and a attainable bearish cross under the decrease boundary of the channel may meet the key assist at 350 SAT and under. However, if the coin crosses above the higher boundary of the channel, REN/BTC may hit the potential resistance at 800 SAT and above as the technical indicator Relative Strength Index (14) strikes to cross into the overbought area.
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