Downloading...
Download

Renusdtanalysis

RENUSDT Long Term Accumulation!!Ren’s Current Market Momentum: Ren is showing a steady upward momentum, with the price currently at $0.04762, up 0.99% in the last 24 hours. The 24-hour trading volume has surged to $15.25M, a 17.84% increase, indicating robust market activity. With a market cap of $47.59M and a circulating supply of 999.33M REN, the token shows continued potential for growth. Given the relatively stable FDV of $47.62M, Ren is positioned well for further price appreciation. The increased volume-to-market-cap ratio further signals growing interest and could indicate a continued upward trend for REN. Key Details: Price: $0.04762 Market Cap: $47.59M (+0.99% 1D) 24h Volume: $15.25M (+17.84%) Fully Diluted Valuation (FDV): $47.62M Volume to Market Cap Ratio (24h): 31.89% Total Supply: 1,000,000,000 REN Circulating Supply: 999.33M REN What Is Ren (REN)? Ren (REN) is an open-source protocol designed to enhance interoperability and liquidity between various blockchain platforms. By enabling seamless connections, Ren facilitates cross-chain transactions, allowing users to move assets across blockchains with ease. Previously known as Republic Protocol, Ren launched its mainnet, RenVM (Ren Virtual Machine), in May 2020. This followed a successful $34 million ICO in 2018. The REN token serves as collateral for the network’s validators, called Darknodes, which help power the RenVM infrastructure. Ren’s goal is to drive the accessibility of decentralized finance (DeFi) by breaking down the liquidity barriers between different blockchains. What Makes Ren Unique? Ren stands out as a versatile platform with numerous use cases, primarily focused on bridging the gaps that restrict DeFi growth. It allows DeFi projects to integrate assets from other blockchains, such as Bitcoin (BTC) and Zcash (ZEC), without relying on wrapped tokens like Wrapped Bitcoin (WBTC) or Wrapped Ethereum (WETH). At its core, RenVM consists of a network of virtual computers, known as Darknodes, that operate the protocol. These Darknodes play a crucial role in maintaining the functionality of RenVM. While Ren charges fees for its internal processes, these are typically paid to miners rather than contributing directly to the platform’s profitability. As an ERC-20 token, REN is also subject to gas fees, which help power transactions within the network.
RLong
by shyamnair
REN/USDT – Increasing Buyers but Caution NeededThere’s a noticeable increase in buyer activity on BME:REN , suggesting growing interest. However, with the broader market showing signs of potential dumping, finding an optimal entry point remains challenging. I’ve identified a few key buy zones to consider, with one being significantly lower in case the market experiences a deeper correction. Key Observations: Buyer Momentum: Increasing volume indicates accumulation, but confirmation is needed for a strong trend reversal. Buy Zones: Multiple zones have been identified to balance risk and potential reward, including one very low zone as a contingency. Market Context: Current market conditions lean bearish, so patience and disciplined entries are critical. Strategy: Wait for price action to reach one of the identified buy zones. Look for confirmation signals (e.g., strong rejection wicks or bullish candlesticks) before entering. Manage risk carefully, considering the volatile market environment. Stay cautious and ready to adjust as the market evolves. I keep my charts clean and simple because I believe clarity leads to better decisions. My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. My Previous Analysis 🐶 DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P: Potential Surge 📊 BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P: Long-Term Trade 🔵 XRPUSDT.P: Entry Zones 🔗 LINKUSDT.P: Follow The River 📈 BTCUSDT.P: Two Key Demand Zones 🟩 POLUSDT: Bullish Momentum 🌟 PENDLEUSDT: Where Opportunity Meets Precision 🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs 🌊 SOLUSDT.P: SOL's Dip - Your Opportunity 🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked 🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer 🤖 IQUSDT: Smart Plan ⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
RLong
by UmutTrades
REN/USDT: Approaching a Key Box Breakout on 2D TimeframeREN/USDT: Approaching a Key Box Breakout on 2D Timeframe REN/USDT is edging closer to a critical breakout on the 2-day timeframe. The price has been consolidating within a defined box, creating mounting pressure for a potential move. A successful breakout above this zone could lead to a strong bullish rally. Key insights: - The 2D timeframe shows clear consolidation within the box, with the potential for significant movement upon a breakout. - Confirmation is crucial—watch for a solid 2D candle close above the resistance level. - A retest of the breakout zone as support can provide additional confirmation and a safer entry. Stay cautious and follow your strategy to capitalize on this setup. As always, trade responsibly and ensure proper risk management.
RLong
by Crypto-By--Ghazi
Next Big Move – Are You Ready?RENUSDT.P is flashing signals of a potential breakout, and the setup couldn’t be more exciting. With buyers stepping in at critical levels and momentum quietly building, this could be the start of something big. Two blue boxes can work as buyer area. Why This Chart Stands Out: 🔑 Key Support Levels Holding: Buyers are defending crucial zones, laying the groundwork for a move upward. 📊 Potential Breakout Formation: The chart hints at a bullish pattern—watch closely for confirmation. 🔥 Volume Watch: A surge in volume could be the final signal that the breakout is here. This could be a golden opportunity for traders seeking a high-reward play. Don't miss your chance to catch this move before it takes off! I don’t clutter my charts with a mess of indicators that look like a toddler went wild with crayons. Clean, simple, and effective—that’s my style. Don’t believe me? Check out my hits below. 🎯 When it comes to trading, I’m all about confidence backed by experience. I’m not claiming to be the best (yet), but my results do most of the talking. Keep an eye on these levels—sometimes the charts quietly suggest what the markets will shout later. Let’s see how this ride unfolds together! 🚀 My Previous Hits 🐶 DOGEUSDT.P | 4 Reward for 1 Risk (or more if you’re bold). DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P | HTF Sniper Precision RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P | Buyer Zone So Accurate You’ll Double Check ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P | Buyer Zone Mastery (CZ vibes). BNBUSDT.P: Potential Surge 📊 Bitcoin Dominance | Called it Like a Pro BTC Dominance: Reaction Zone 🧑‍🎨 UNIUSDT.P | Long-Term Trade With Big Potential UNIUSDT.P: Long-Term Trade Now let’s see what the market has in store—it’s like watching a movie, but with charts and adrenaline! 🎬📈
RLong
by UmutTrades
Small Cap Crypto Multi-bagggers: Don't miss out! RENUSD RENUSD got up over 7% today. It is fast approaching it's 200EMA on a daily chart and currently sits at the 50EMA. I think many of these smaller cap Crypto's will take off once they are soon above their 200EMA and many are already. Disclosure: I already have a parcel of CFD's in RENUSD. What exactly is RENUSD? From coinmarketcap.com see below. Ren (REN) is an open protocol built to provide interoperability and liquidity between different blockchain platforms. They get paid well for their blockchain service is my understanding.
RLong
by Easy_Explosive_Trading
REN/USDT Need to bounce from here to continue upward !!💎 REN has been drawing considerable attention in the market, currently in a consolidation phase within the demand area. For REN to resume its upward momentum, a strong bounce from this zone is essential. A successful rebound, marked by bullish candle formations, could set the stage for REN to progress upwards and re-engage with the resistance. 💎 The resistance level at $0.072 is pivotal for REN. Breaking through this threshold could significantly ease REN's path towards our target strong resistance area. 💎 However, should REN fail to sustain itself in the demand area or if it breaks below this level, it could signal a shift towards a bearish trend. This scenario would likely lead REN towards the support level area. In such a case, a robust recovery from the support level becomes crucial. Without a strong bounce from the support, REN could potentially continue its downward trajectory, heading towards a more significant support area.
R
by MyCryptoParadise
REN/USDT In the crucial Zone. Potential Upward Momentum ???💎 REN has undoubtedly garnered our attention. Currently navigating within a descending channel, REN is making efforts to shatter this confining pattern, facing resistance at the trendline. For a bullish continuation, REN must decisively break through this descending channel. Achieving this could pave the way for a smooth ascent of the probability of reaching higher supply zones. 💎 However, if REN falters in its breakout attempt or faces a rejection, it might need to retreat, possibly revisiting the demand zone ranging from $0.0425 to $0.042 to gather fresh momentum. 💎 The situation could turn grim if, during its reassessment in the demand zone, REN encounters an inability to hold off the sellers. A definitive breach of this demand threshold could spell trouble, potentially triggering a sustained downward trajectory for REN, directing it towards a crucial support area.
R
by MyCryptoParadise
BUY RENUSD (bullrun can start any minute now)Hey guys, I'm sharing this with you all because it's such a gem. Ren is a buy, long and hold. The chart speaks for itself. Roseusd had a similar setup before a significant bullrun (see picture below). The setup of Ren is almost identical. As you can see we are currently at the best buying oppurtunity after the bottom. I know it's a lot of ifs and there are a lot of assumptions being made, but this is a buy in every textbook. If you do not have the courage to buy at these levels you shouldn't trade. Arguments: -Correction completed ABC where C = 1.618 of A. -Correction completed .702 retracement reached for a 2. -Bullish divergence of RSI. -Similar setup (RSI and price structure) lead to a magical bullrun on RoseUSD. -Signs of correction being over on BTC as well to kickstart everything. As allways, it's just an idea, no financial advise, DYOR. If you like it, feel free to share and like this post.
RLong
by HodlCrypot
5