$REEF Price Prediction: REEF Plummets 55% As Analysts Say This New ICO Might Be The Best Crypto To Buy Now

Reef Price Prediction

REEF saw a massive price drop in the last day and a half, going from a resistance at 0.010 to several supports, all of which ended up broken. The project first broke the $0.0075 level, only to continue to spiral down past $0.0050, and now, it is balancing just above $0.0020.

Meanwhile, the project’s RSI value kept fluctuating between the start of the oversold zone at 30 and the beginning of the overbought area at 70, showing that the bulls and the bears are fighting for control.

For the moment, the support at $0.0020 is still holding, with the token balancing slightly above it, as mentioned. However, with the investors’ and traders’ faith in REEF seriously shaken by the recent market activity, there is no certainty right now that REEF won’t continue its descent in hours, or even days to come.