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BCH $625.93 (0.51%)
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REN Price Surges to Over +360%, Will it Reach $2 Soon?

REN Price Surges to Over +360%, Will it Reach $2 Soon Altcoin News
  • REN recorded a price surge to over +360% in the past two weeks.
  • REN trades at a bullish price of $0.99.

The crypto market has continued to regain its composure from its bearish dip in the past few months. In fact, the market cap of the whole crypto world amounted to over $2 trillion, with a growth rate of +.4% in the past 24 hours. REN (REN) is considered one of the altcoins that contributes to the rising phase of the crypto market.

In detail, REN has recorded a price surge to over +360% in the past two weeks. As seen in the chart below, REN has successfully boosted its price from $.25 in July to $.99 in September. If this price pump continues, REN might break its $1.16 resistance level and go beyond. Of course, this might be possible if the crypto market and its investors remain in favor of REN.

REN tradingview
Source: TradingView

Today, REN trades at a bullish price of $.99, an uptrend position. Based on the ALMA indicator, REN can continue its price surge as long as it keeps its position above ALMA. However, if REN slips below the indicator, the REN price might suffer a bearish position.

In terms of market status, REN has a market cap amounting to almost $1 billion. Moreover, it has a circulation supply of over 900 million REN. Indeed, REN is one of the crypto assets in the crypto world that catches the eyes of traders and investors worldwide.

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A dedicated market analyst focused on the highs and lows of the cryptocurrency market. With a background in Business Administration, he tries to unfold his financial perspective to global readers.