Ren (REN) has surged by 6.7% to $0.0750 this week, outperforming major crypto assets. In comparison, Bitcoin (BTC) has only added 0.7% to $68,000. However, Ren needs to break through the resistance at $0.0750 to climb further.

Notably, the token has surged by 30% over the past 10 days amid speculation about the SEC's approval of spot ETH-ETFs. Additionally, the bankrupt crypto exchange FTX announced that it would pay its creditors the dollar value of their deposits at the time of bankruptcy. Ren, being closely associated with FTX, could benefit from this news.

If Ren manages to climb above the $0.0750 resistance, it could potentially reach $0.1000. This represents a tempting 33% upside.