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#REEF HOURLY TIMEFRAME UPDATE

The REEF/USDT pair is currently trading at $0.000877 on the hourly chart and is forming a falling wedge pattern.

This pattern typically signals a potential bullish reversal, suggesting that the downtrend might be nearing its end.

However, the price is still under significant pressure, and the downward momentum could continue unless a breakout occurs.

About REEF Coin:

REEF is a decentralized finance (DeFi) platform built on the Polkadot blockchain, aimed at providing users with seamless access to liquidity across multiple blockchains. REEF's platform aggregates liquidity and offers services like trading, staking, lending, and borrowing, making it a key player in the DeFi space.

If the price manages to break above the upper resistance of the wedge, we could see a significant move toward the previous highs around $0.001721 However, traders should remain cautious and monitor the support levels, as a failure to break out could lead to further declines.

ANY THOUGHTS ON $REEF ?