REN

Nothing good is going on with Ren. but possible double bottom is forming which could lead to a reversal at least for a short-term

Based on technical factors there is a Buy position in :📊 RENUSDT🔵 Buy Now 🪫Stop loss 0.02470🔋Target 0.03000📏 R/R 2,5💸RISK : 1%We hope it is profitable for you ❤️Please support our activity with your likes👍 and comments📝

Confirmation requirements:4h hsi above 50Daily trigger (Dot)Exit plan:Daily T1 from mega bat. @ __Stop as outlined.Exch. Kraken

Ren’s Current Market Momentum:Ren is showing a steady upward momentum, with the price currently at $0.04762, up 0.99% in the last 24 hours. The 24-hour trading volume has surged to 15.25M, a 17.84% increase, indicating robust market activity.With a market cap of 47.59M and a circulating supply of 999.33M REN, the token shows continued potential for growth. Given the relatively stable FDV of 47.62M, Ren is positioned well for further price appreciation. The increased volume-to-market-cap ratio further signals growing interest and could indicate a continued upward trend for REN.Key Details:Price: $0.04762Market Cap: 47.59M (+0.99% 1D)24h Volume: 15.25M (+17.84%)Fully Diluted Valuation (FDV): 47.62MVolume to Market Cap Ratio (24h): 31.89%Total Supply: 1,000,000,000 RENCirculating Supply: 999.33M RENWhat Is Ren (REN)?Ren (REN) is an open-source protocol designed to enhance interoperability and liquidity between various blockchain platforms. By enabling seamless connections, Ren facilitates cross-chain transactions, allowing users to move assets across blockchains with ease.Previously known as Republic Protocol, Ren launched its mainnet, RenVM (Ren Virtual Machine), in May 2020. This followed a successful $34 million ICO in 2018. The REN token serves as collateral for the network’s validators, called Darknodes, which help power the RenVM infrastructure.Ren’s goal is to drive the accessibility of decentralized finance (DeFi) by breaking down the liquidity barriers between different blockchains.What Makes Ren Unique?Ren stands out as a versatile platform with numerous use cases, primarily focused on bridging the gaps that restrict DeFi growth. It allows DeFi projects to integrate assets from other blockchains, such as Bitcoin (BTC) and Zcash (ZEC), without relying on wrapped tokens like Wrapped Bitcoin (WBTC) or Wrapped Ethereum (WETH).At its core, RenVM consists of a network of virtual computers, known as Darknodes, that operate the protocol. These Darknodes play a crucial role in maintaining the functionality of RenVM.While Ren charges fees for its internal processes, these are typically paid to miners rather than contributing directly to the platform’s profitability. As an ERC-20 token, REN is also subject to gas fees, which help power transactions within the network.#Open Position

There’s a noticeable increase in buyer activity on REN, suggesting growing interest. However, with the broader market showing signs of potential dumping, finding an optimal entry point remains challenging.I’ve identified a few key buy zones to consider, with one being significantly lower in case the market experiences a deeper correction.Key Observations:Buyer Momentum: Increasing volume indicates accumulation, but confirmation is needed for a strong trend reversal.Buy Zones: Multiple zones have been identified to balance risk and potential reward, including one very low zone as a contingency.Market Context: Current market conditions lean bearish, so patience and disciplined entries are critical.Strategy:Wait for price action to reach one of the identified buy zones.Look for confirmation signals (e.g., strong rejection wicks or bullish candlesticks) before entering.Manage risk carefully, considering the volatile market environment.Stay cautious and ready to adjust as the market evolves.I keep my charts clean and simple because I believe clarity leads to better decisions. My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.My Previous Analysis🐶 DOGEUSDT.P: Next Move🎨 RENDERUSDT.P: Opportunity of the Month💎 ETHUSDT.P: Where to Retrace🟢 BNBUSDT.P: Potential Surge📊 BTC Dominance: Reaction Zone🌊 WAVESUSDT.P: Demand Zone Potential🟣 UNIUSDT.P: Long-Term Trade🔵 XRPUSDT.P: Entry Zones🔗 LINKUSDT.P: Follow The River📈 BTCUSDT.P: Two Key Demand Zones🟩 POLUSDT: Bullish Momentum🌟 PENDLEUSDT: Where Opportunity Meets Precision🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs🌊 SOLUSDT.P: SOL's Dip - Your Opportunity🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer🤖 IQUSDT: Smart Plan⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing OneWorks as a charm 0 drawdown entry.

REN/USDT: Approaching a Key Box Breakout on 2D TimeframeREN/USDT is edging closer to a critical breakout on the 2-day timeframe. The price has been consolidating within a defined box, creating mounting pressure for a potential move. A successful breakout above this zone could lead to a strong bullish rally. Key insights: - The 2D timeframe shows clear consolidation within the box, with the potential for significant movement upon a breakout. - Confirmation is crucial—watch for a solid 2D candle close above the resistance level. - A retest of the breakout zone as support can provide additional confirmation and a safer entry. Stay cautious and follow your strategy to capitalize on this setup. As always, trade responsibly and ensure proper risk management.

Based on technical factors there is a Buy position in :📊 RENUSDT🔵 Buy Now 🪫Stop loss 0.03940🔋Target 1 0.11111🔋Target 2 0.16000🔋Target 3 0.25000💸RISK : 1%We hope it is profitable for you ❤️Please support our activity with your likes👍 and comments📝

Risk: $1000Leverage: 5xRisk to reward ratio: 219.94/1Full Target % gains: 2761.69%Strategy: Risk it for the biscuit!Total profit full target: $1,095,000Please see trade for entry, stop loss and TP.

REN, is exhibiting some similar pre-massive-surge PEPE metrics based on its recent price behavior. This just means that we may see some exponential rise ahead in the next coming days. This has waterfalled heavily from its peak glory after reaching a parabolic high of 1.8 to being pulled down weightily to extreme 0.030 levels.Now, a long term shift has been registered based on recent metrics, and its a massive shift.The consolidation has lasted for 2 years. Its been deprived for far too long. But signs of awakening is being felt the last few days. I have published PEPE before its multiple x era -- and this is exhibiting the same characteristics.The current price range is an ideal seeding opportunity.Spotted at 0.050Target 10x and beyond.TAYOR.Trade with safety always.Unfortunately, the chart didn't show up right above. Here it is.

#REN🔝🔝 هدف دوم هم لمس شد 😉 خودتعریفی نباشه، ولی با اهرم ۳ این درصد سود رو گرفتن یه هنره😋 بیشترش رو فروختم. @CryptoMarket_BitBoy