REN May Recover at $0.0750
Ren (REN) has experienced a significant decline of 15.0% this week, with prices dropping to $0.0850. The downturn intensified on April 3, as the token plummeted by 20.0% to $0.0801, reaching its lowest point since March 20. Currently, prices have retreated to the middle of the ascending channel, finding support at $0.0750.
From a technical standpoint, the support at $0.0750 may hold if the broader crypto market stabilizes and avoids further declines. In such a scenario, there is potential for REN to rebound and recover to the $0.1000 level. However, continued downside pressure in the crypto market could jeopardize this recovery outlook.
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