#REI STILL MOVES IN A RANGING MARKET STRUCTURE AFTER JUNE: COULD THIS MEAN A POSSIBLE BREAKOUT?
We are looking at how REI could possibly breakout from this resistance as there have been more buying orders presenting themselves within this ranging market structure. The truth about altcoins that move in a ranging market structure is the fact that it has maintained both support and resistance levels. Therefore, the wisest choice is to patiently observe on what could be broken first. This matter serves as an indicator that more buyers and sellers are expecting this price to continue moving on this price range. Although, once the signs of weakness for either buyer or seller is present. We can anticipate a strong movement on the opposing side. As for us, what we look at the most would be the possibility of the resistance to be broken through as this has been a great market sentiment year for crypto. Albeit, it's still hard to tell when would the next rally for this altcoin be as the new ATH has already been met for this year.
Stay wise, trade cautiously.