REN is making impressive moves, currently trading at a price of 0.04023, showing a solid gain of 7.02% over the last 24 hours. The recent rise tested a high of 0.04148, positioning REN in a potential breakout zone. Here’s what you need to know:
💡 Key Levels To Watch:
Immediate Resistance: 0.04148 – A breakout above this level may indicate further bullish strength.
Support Level: 0.03774 – Holding this support will be crucial for maintaining the current upward trend.
Critical Level: 0.03341 – Any drop below this may signal increasing bearish pressure.
🎯 Targets To Watch:
1. First Target: 0.04208 – A breakout above 0.04148 may lead to testing this initial target.
2. Second Target: 0.04500 – Sustained bullish movement may lead REN to this level, marking stronger buying interest.
3. Third Target: 0.04850 – If the strength continues, this may be an ambitious target, signaling a strong upward trend.
🚀 Potential Growth: A confirmed breakout above 0.04148 may attract more buyers, pushing REN to higher targets.
⚠️ Negative Observation: If REN retraces and fails to hold 0.03774, we may see it test the lower support at 0.03341, which could shift the sentiment.
Watch these levels – REN is at a key stage that could determine its next major move!
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