REN Is Targeting $0.05000
Ren (REN) has surged by 5.2% to $0.0380 this week, outperforming the broader crypto market, with Bitcoin (BTC) gaining 1.7% to $55,500. REN broke through the resistance of its descending channel at the end of August and has since retested that level in early September, showing signs of stabilization. The current support level at $0.0375 is reinforcing this recovery, increasing the likelihood of further gains towards the $0.0500 mark.
For REN to continue its upward momentum, it needs to hold above its current level for the next few days, potentially confirming a stronger bullish trend. Maintaining support at $0.0375 could solidify the foundation for future growth.
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