REN Is Unlikely to Hold Above $0.050
Ren prices rose by impressive 13% to $0.048 since the beginning of the week, but the token added only 1.5% since the beginning of October. The token is rather weak despite all tailwinds from the 30% Bitcoin rally. The token is trying to pass the resistance at $0.050 for the fifth time. Fundamentally, there are some improvements in project metrics like the rise of active addresses in the network. Overall, there are no more good news for the project. Bitcoin rally is likely to end soon. This will likely put an end to unsuccessful efforts of the token to pass the $0.050 resistance, and send its prices down.
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