REN/USD Soars to a New Month-to-month Excessive; Value Targets $0.130

As revealed within the each day chart, The Ren (REN) worth prediction breaks out as the value goals for a brand new excessive at $0.126.

Ren Prediction Statistics Information:

• Ren worth now – $0.125
• Ren market cap – $122.2 million
• Ren circulating provide – 999 million
• Ren complete provide – 999.9 million
• Ren Coinmarketcap rating – #164

REN/USD Market

Key Ranges:

Resistance ranges: $0.150, $0.160, $0.170

Help ranges: $0.0930, $0.0830, $0.0730

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REN/USD with all its blazing weapons hits one other excessive at $0.126 surging greater than 12.93% on the time of writing. Extra so, as anticipated, the cryptocurrency has lastly given a breakout from its earlier month-to-month excessive and has now entered worth discovery mode. Nevertheless, the journey has simply began for the coin as REN/USD is eyeing the $0.130 stage to be its subsequent goal.

Ren Value Prediction: The place is Ren Value Going Subsequent?

The Ren price will be anticipated to rise to $0.130 over the subsequent few days whereas the continuing development might transfer a bit of bit above the higher boundary of the channel within the coming days. The Ren worth might cross above the channel to the touch the closest resistance at $0.130. Due to this fact, because the 9-day MA crosses above the 21-day MA, the coin might proceed to do nicely and the value may hit the resistance ranges at $0.150, $0.160, and $0.170 respectively.

In the meantime, REN/USD is at present altering arms at $0.125 amid a constructing bullish momentum. Nevertheless, the technical indicator Relative Power Index (14) additionally confirms the uptrend because the sign line strikes to cross above the 60-level, suggesting extra bullish alerts however any bearish motion under the transferring averages might roll the market all the way down to the assist ranges of $0.0930, $0.0830, and $0.0730 respectively.

Towards Bitcoin, the market worth focuses on the bullish motion throughout the channel as the value trades above the 9-day and 21-day transferring averages. REN/BTC is at present buying and selling at 641 SAT and if the market continues to rise, the subsequent key resistance could also be at 720 SAT and above.

Quite the opposite, a doable bearish motion under the transferring averages might probably come into play, which may result in the assist stage of 530 SAT and under. In the meantime, the market might proceed to have a bullish day as a result of the Relative Power Index (14) indicator crosses above the 60-level, suggesting extra bullish alerts.

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