YourCryptoNews
  • Live Prices
  • Crypto News
    • Altcoins
    • Bitcoin
  • Defi News
  • NFT News
  • Blockchain
  • Regulations
  • Trading
  • Scams
No Result
View All Result
YourCryptoNews
  • Live Prices
  • Crypto News
    • Altcoins
    • Bitcoin
  • Defi News
  • NFT News
  • Blockchain
  • Regulations
  • Trading
  • Scams
No Result
View All Result
YourCryptoNews
No Result
View All Result

Ren Price Prediction for 7th of October: Bears Fail To Hinder The Bullish Progress

October 7, 2022
in Blockchain
Reading Time: 5 mins read
A A
Bulls May Soon Lose Their Ground in the Market
ShareShareShareShareShare

You might also like

New Huo Tech Reports Explosive Revenue Growth Amidst Increased Losses

New Huo Tech Reports Explosive Revenue Growth Amidst Increased Losses

June 1, 2023
First Digital Group Launches New Stablecoin FDUSD to Revolutionize Global Finance

First Digital Group Launches New Stablecoin FDUSD to Revolutionize Global Finance

June 1, 2023

Join Our Telegram channel to stay up to date on breaking news coverage

The overall market performance of REN/USD from August to the 22nd of September forms a descending triangle candlestick trend pattern. This, when it forms, means the trend will soon reverse in the bullish direction. As the formation reached its peak (that is on the 22nd of September), a bullish engulfing candle pattern appeared on the chart. As expected, a bullish trend ensued. As the bullish trend progresses, strong bearish pressure can be felt as the bullish market progresses

Ren Market Price Statistic:

  • REN/USD price now: $0.1306
  • REN/USD market cap: $130,516,050
  • REN/USD circulating supply:999,037,500 
  • REN/USD total supply: 999,999,633
  • REN/USD coin market ranking: #160

Key Levels

Resistance: $0.1400, $0.1500, $0.1600
Support: $0.1300, $0.1200, $0.1100

  Buy Ren Now

BC.Game Casino

 Your capital is at risk

Ren Market Price Analysis: The Indicators’ Point of View

In yesterday’s market, the faceoff between buyers and sellers did not allow the price to progress beyond the point at which the market opened. Yesterday’s trading session was represented by a spinning top candlestick pattern. That means the bearish momentum is catching up with the bullish momentum and this resulted in indecision in yesterday’s market.

In today’s market, it seems that the bulls could not be stopped as they have now again resumed a bullish trend. Usually, a spinning top candlestick pattern signifies an imminent trend reversal. The trend is expected to reverse, but it didn’t reverse although, the bears appear to still be formidable.

The movement of the RSI line is slowing down (this testifies to the increased selling pressure) and now ranging at around 61% market strength. The trend may soon reverse as bullish and bearish pressure are becoming evenly matched.

Ren Price Prediction for 7th of October: Bears Fail To Hinder The Bullish Progress

REN/USD 4-Hour Chart Outlook 

Bulls are now struggling to make their progress as bears held tight to their heels. The spinning top candlesticks pattern, that keeps appearing on the chart, shows sellers’ persistence towards taking over the market. However, for now, bulls are having the upper hand in this market. And the RSI line measures 64.5% market strength.

Tamadoge – Play to Earn Meme Coin

Tamadoge logo
  • Earn TAMA in Battles With Doge Pets
  • Maximum Supply of 2 Bn, Token Burn
  • Now Listed on OKX, Bitmart, Uniswap
  • Upcoming Listings on LBank, MEXC

Tamadoge logo


 

Join Our Telegram channel to stay up to date on breaking news coverage

Credit: Source link

Related Stories

New Huo Tech Reports Explosive Revenue Growth Amidst Increased Losses
Blockchain

New Huo Tech Reports Explosive Revenue Growth Amidst Increased Losses

June 1, 2023
First Digital Group Launches New Stablecoin FDUSD to Revolutionize Global Finance
Blockchain

First Digital Group Launches New Stablecoin FDUSD to Revolutionize Global Finance

June 1, 2023
Tether USD₮ Sets New Record Cementing Its Status as the Top Stablecoin for Global Financial Freedom
Blockchain

Tether USD₮ Sets New Record Cementing Its Status as the Top Stablecoin for Global Financial Freedom

June 1, 2023
Hong Kong SFC Finalizes Regulatory Framework for Virtual Asset Trading Platforms
Blockchain

Hong Kong SFC Chief Executive: New Guidelines for Crypto Trading Platforms Prioritize Investor Protection

May 31, 2023
Next Post
Bulls May Soon Lose Their Ground in the Market

Bulls May Soon Lose Their Ground in the Market

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Beijing’s Chaoyang District to Invest RMB 100 Million Annually to Foster Web 3.0 Ecosystem

Beijing’s Chaoyang District to Invest RMB 100 Million Annually to Foster Web 3.0 Ecosystem

May 29, 2023
FBI urges caution with cryptocurrency scams on the rise – 9News.com KUSA

Molly White Tracks Crypto Scams. It's Going Just Great – Wired.co.uk

May 30, 2023

Popular Story

    • Contact Us
    • Privacy Policy
    • Terms of Use
    • DMCA

    © 2021 - YourCryptoNews.net - All rights reserved!

    No Result
    View All Result
    • Live Prices
    • Crypto News
      • Altcoins
      • Bitcoin
    • Defi News
    • NFT News
    • Blockchain
    • Regulations
    • Trading
    • Scams

    © 2021 - YourCryptoNews.net - All rights reserved!

    • bitcoinBitcoin (BTC) $ 26,926.00 0.63%
    • ethereumEthereum (ETH) $ 1,872.47 0.46%
    • tetherTether (USDT) $ 0.999381 0.11%
    • bnbBNB (BNB) $ 304.94 0.33%
    • usd-coinUSD Coin (USDC) $ 1.00 0%
    • xrpXRP (XRP) $ 0.510719 1%
    • staked-etherLido Staked Ether (STETH) $ 1,870.19 0.37%
    • cardanoCardano (ADA) $ 0.367002 2.32%
    • dogecoinDogecoin (DOGE) $ 0.071911 0.45%
    • matic-networkPolygon (MATIC) $ 0.892582 0.37%
    • solanaSolana (SOL) $ 20.67 0.02%
    • litecoinLitecoin (LTC) $ 94.58 5.55%
    • tronTRON (TRX) $ 0.075024 0.74%
    • polkadotPolkadot (DOT) $ 5.23 1.43%
    • binance-usdBinance USD (BUSD) $ 0.999965 0.04%
    • shiba-inuShiba Inu (SHIB) $ 0.000009 0.5%
    • avalanche-2Avalanche (AVAX) $ 14.15 0.82%
    • daiDai (DAI) $ 0.999116 0.05%
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 26,960.00 0.53%
    • uniswapUniswap (UNI) $ 5.02 0.08%
    • leo-tokenLEO Token (LEO) $ 3.59 2.1%
    • chainlinkChainlink (LINK) $ 6.39 0.86%
    • cosmosCosmos Hub (ATOM) $ 10.37 1.03%
    • okbOKB (OKB) $ 45.93 0.79%
    • moneroMonero (XMR) $ 148.19 1.68%
    • the-open-networkToncoin (TON) $ 1.78 3.2%
    • ethereum-classicEthereum Classic (ETC) $ 17.86 0.33%
    • stellarStellar (XLM) $ 0.091696 0.16%
    • bitcoin-cashBitcoin Cash (BCH) $ 113.51 0.76%
    • internet-computerInternet Computer (ICP) $ 4.70 0.92%
    • true-usdTrueUSD (TUSD) $ 0.999771 0.05%
    • filecoinFilecoin (FIL) $ 4.72 1.42%
    • lido-daoLido DAO (LDO) $ 2.08 0.12%
    • aptosAptos (APT) $ 8.55 3.4%
    • quant-networkQuant (QNT) $ 115.63 0.34%
    • hedera-hashgraphHedera (HBAR) $ 0.050755 0.95%
    • crypto-com-chainCronos (CRO) $ 0.058782 1.29%
    • arbitrumArbitrum (ARB) $ 1.15 0%
    • vechainVeChain (VET) $ 0.019925 2.14%
    • nearNEAR Protocol (NEAR) $ 1.56 0.17%
    • the-graphThe Graph (GRT) $ 0.130061 2.04%
    • apecoinApeCoin (APE) $ 3.11 0.92%
    • algorandAlgorand (ALGO) $ 0.148975 1.29%
    • the-sandboxThe Sandbox (SAND) $ 0.566300 7.07%
    • paxos-standardPax Dollar (USDP) $ 0.999707 0.01%
    • fraxFrax (FRAX) $ 0.999596 0.15%
    • edgecoin-2Edgecoin (EDGT) $ 1.00 0.04%
    • eosEOS (EOS) $ 0.891114 0.09%
    • rocket-poolRocket Pool (RPL) $ 48.82 0.74%
    • elrond-erd-2MultiversX (EGLD) $ 36.99 1.38%