REN BTC REN Technical Analysis

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By Frans van Elst

REN logo In this REN technical analysis, we will examine the current price action, trading volume, key levels and indicators for REN-BTC. REN is a decentralized platform that enables users to create and manage their own digital assets, including tokens and smart contracts. With REN, users can easily issue and trade their assets on the blockchain, without the need for intermediaries or centralized authorities. By leveraging the power of blockchain technology, REN is helping to democratize access to financial markets and create new opportunities for innovation and growth.

REN Price Overview:

As of May 21, 2024, REN is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for REN-BTC:

Ride the bullish wave in REN (RENBTC) at 9.30e-07 BTC with technical analysis, showcasing strong support and positive indicators.

Metric Value
Open (O) 0.0
High (H) 0.0
Low (L) 0.0
Close (C) 0.0
Volume (C) 140,021.00
  • Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
  • High (H): REN reached a daily high of around 0.0 BTC.
  • Low (L): The daily low for REN-BTC was approximately 0.0 BTC.
  • Close (C): At the time of analysis, REN is trading near its daily close of 0.0 BTC.
Metric Value
1D Change (%) -1.06%
3D Change (%) 3.33%
7D Change (%) 6.90%
30D Change (%) -6.06%
90D Change (%) -27.91%
YTD Change (%) -44.64%

Over the past three days, RENBTC has increased by approximately 3.33%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 6.90%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with RENBTC maintaining a downward trend of approximately -6.06%, despite intermittent fluctuations. Examining the last 90 days, RENBTC has witnessed substantial drop of approximately -27.91%, reflecting strong long-term confidence. Year-to-date, RENBTC has steadily declined by around -44.64%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

REN Live Chart:

You can access a live price chart for REN-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.


Price Volatility and Momentum:

  • Volatility score is 0.4736.
  • Momentum score is -0.01064.

REN BTC Technical Analysis

REN Trading Volume:

The trading volume for REN (REN) over the past 24 hours has been insignificant, with approximately 140,021.00 BTC traded against REN. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): REN is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): REN is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for REN-BTC is currently in the low zone, around 42.99258. This suggests that REN is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

REN (REN-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.

Ride the bullish wave in REN (RENBTC) at 9.30e-07 BTC with technical analysis, showcasing strong support and positive indicators.

Unlock additional insights on REN USDT REN Technical Analysis with our detailed analysis; a must-read if you enjoyed the content of this post.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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