Ren to US Dollar
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Anderson Noah
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24.12.2024
Ren (REN) has gained 4.5% this week, trading at $0.0299, outperforming the broader cryptocurrency market, where Bitcoin (BTC) has lost 1.0%, settling at $94,187. Despite the weekly uptick, REN continues to face significant headwinds. Binance delisted the token on December 10, triggering a sharp decline, which even the introduction of the Ren v2 update failed to counteract.
REN's price dipped to $0.0260 on December 20, coming close to the critical support level at $0.0250. While a technical rebound is possible, the altcoin currently lacks fundamental drivers to sustain an upward move. If the broader crypto market experiences further downside pressure, REN risks falling even lower, potentially testing the next key support at $0.0125.
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| Ticker | RENUSD REN/USD |
| Contract value | 1 |
| Maximum leverage | 1:5 |
Swaps history
| Date | Short Swap (%) | Long Swap (%) | No data |
|---|
| Minimum transaction volume | 100 lot |
| Maximum transaction volume | 10000 lots |
| Hedging margin | 50% |
Margin requirements
| USD Exposure | Max Leverage Applied | Floating Margin |
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