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RENUSDT Long Term Accumulation!!Ren’s Current Market Momentum: Ren is showing a steady upward momentum, with the price currently at $0.04762, up 0.99% in the last 24 hours. The 24-hour trading volume has surged to $15.25M, a 17.84% increase, indicating robust market activity. With a market cap of $47.59M and a circulating supply of 999.33M REN, the token shows continued potential for growth. Given the relatively stable FDV of $47.62M, Ren is positioned well for further price appreciation. The increased volume-to-market-cap ratio further signals growing interest and could indicate a continued upward trend for REN. Key Details: Price: $0.04762 Market Cap: $47.59M (+0.99% 1D) 24h Volume: $15.25M (+17.84%) Fully Diluted Valuation (FDV): $47.62M Volume to Market Cap Ratio (24h): 31.89% Total Supply: 1,000,000,000 REN Circulating Supply: 999.33M REN What Is Ren (REN)? Ren (REN) is an open-source protocol designed to enhance interoperability and liquidity between various blockchain platforms. By enabling seamless connections, Ren facilitates cross-chain transactions, allowing users to move assets across blockchains with ease. Previously known as Republic Protocol, Ren launched its mainnet, RenVM (Ren Virtual Machine), in May 2020. This followed a successful $34 million ICO in 2018. The REN token serves as collateral for the network’s validators, called Darknodes, which help power the RenVM infrastructure. Ren’s goal is to drive the accessibility of decentralized finance (DeFi) by breaking down the liquidity barriers between different blockchains. What Makes Ren Unique? Ren stands out as a versatile platform with numerous use cases, primarily focused on bridging the gaps that restrict DeFi growth. It allows DeFi projects to integrate assets from other blockchains, such as Bitcoin (BTC) and Zcash (ZEC), without relying on wrapped tokens like Wrapped Bitcoin (WBTC) or Wrapped Ethereum (WETH). At its core, RenVM consists of a network of virtual computers, known as Darknodes, that operate the protocol. These Darknodes play a crucial role in maintaining the functionality of RenVM. While Ren charges fees for its internal processes, these are typically paid to miners rather than contributing directly to the platform’s profitability. As an ERC-20 token, REN is also subject to gas fees, which help power transactions within the network.
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by shyamnair
REN/USDT – Increasing Buyers but Caution NeededThere’s a noticeable increase in buyer activity on BME:REN , suggesting growing interest. However, with the broader market showing signs of potential dumping, finding an optimal entry point remains challenging. I’ve identified a few key buy zones to consider, with one being significantly lower in case the market experiences a deeper correction. Key Observations: Buyer Momentum: Increasing volume indicates accumulation, but confirmation is needed for a strong trend reversal. Buy Zones: Multiple zones have been identified to balance risk and potential reward, including one very low zone as a contingency. Market Context: Current market conditions lean bearish, so patience and disciplined entries are critical. Strategy: Wait for price action to reach one of the identified buy zones. Look for confirmation signals (e.g., strong rejection wicks or bullish candlesticks) before entering. Manage risk carefully, considering the volatile market environment. Stay cautious and ready to adjust as the market evolves. I keep my charts clean and simple because I believe clarity leads to better decisions. My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. My Previous Analysis 🐶 DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P: Potential Surge 📊 BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P: Long-Term Trade 🔵 XRPUSDT.P: Entry Zones 🔗 LINKUSDT.P: Follow The River 📈 BTCUSDT.P: Two Key Demand Zones 🟩 POLUSDT: Bullish Momentum 🌟 PENDLEUSDT: Where Opportunity Meets Precision 🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs 🌊 SOLUSDT.P: SOL's Dip - Your Opportunity 🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked 🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer 🤖 IQUSDT: Smart Plan ⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
RLong
by XU99
Next Big Move – Are You Ready?RENUSDT.P is flashing signals of a potential breakout, and the setup couldn’t be more exciting. With buyers stepping in at critical levels and momentum quietly building, this could be the start of something big. Two blue boxes can work as buyer area. Why This Chart Stands Out: 🔑 Key Support Levels Holding: Buyers are defending crucial zones, laying the groundwork for a move upward. 📊 Potential Breakout Formation: The chart hints at a bullish pattern—watch closely for confirmation. 🔥 Volume Watch: A surge in volume could be the final signal that the breakout is here. This could be a golden opportunity for traders seeking a high-reward play. Don't miss your chance to catch this move before it takes off! I don’t clutter my charts with a mess of indicators that look like a toddler went wild with crayons. Clean, simple, and effective—that’s my style. Don’t believe me? Check out my hits below. 🎯 When it comes to trading, I’m all about confidence backed by experience. I’m not claiming to be the best (yet), but my results do most of the talking. Keep an eye on these levels—sometimes the charts quietly suggest what the markets will shout later. Let’s see how this ride unfolds together! 🚀 My Previous Hits 🐶 DOGEUSDT.P | 4 Reward for 1 Risk (or more if you’re bold). DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P | HTF Sniper Precision RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P | Buyer Zone So Accurate You’ll Double Check ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P | Buyer Zone Mastery (CZ vibes). BNBUSDT.P: Potential Surge 📊 Bitcoin Dominance | Called it Like a Pro BTC Dominance: Reaction Zone 🧑‍🎨 UNIUSDT.P | Long-Term Trade With Big Potential UNIUSDT.P: Long-Term Trade Now let’s see what the market has in store—it’s like watching a movie, but with charts and adrenaline! 🎬📈
RLong
by XU99
Is #RENUSDT About to Skyrocket or Sink? Key Levels in FocusYello, Paradisers! Are you ready for the next big move on #RENUSDT? Let's look at the latest analysis of the #REN and see what's happening: 💎We're seeing some strong potential for a bullish continuation from a critical demand zone at $0.0343. We've been closely tracking #REN, which follows a descending channel pattern and seems to be gearing up for a bullish breakout. The next key target to watch after the breakout is the internal minor resistance at $0.059. 💎If #REN holds steady at $0.0343, we could be on the brink of a significant bullish rally, much like those explosive moves we've seen before. A breakout above the crucial resistance at $0.059 could pave the way for a run toward even higher resistance zones—with potential gains ready to take us even further. 💎But caution, Paradisers! If momentum weakens at this critical demand zone, we might see a pullback to the lower support area around $0.0276. 💎Keep your eyes on #REN price action. A daily close below this support could invalidate the bullish scenario and open the door to further declines. Stay focused, patient, and disciplined Paradisers. MyCryptoParadise iFeel the success🌴
RLong
by MyCryptoParadise_Simon
2
REN ANALYSIS (2H)REN seems to be forming a diametric on small time frames. It is now in the middle of the bullish wave E of this diametric. By maintaining the specified demand, it can move towards the target. The first target is the red box. Closing a 4-hour candle below the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
REN/USD Secondary trend. Channel formation. 08 2023Logarithm. Time frame 3 days. Exit from the downtrend in the long-term trend. Local trend. The price is at the lower zone of the horizontal channel at its support. For local trading, it is important to break the descending line of the local trend (purple color). In general, this is the accumulation zone of this cryptocurrency. Line chart. This squeeze under the support is not visible on it. Secondary trend (publication 2022 01 03) REN/USD Secondary trend. Wedge. % of key zones Major trend (publication 2022 01 03) REN/USD Major trend. Accumulation of 637. Distribution 637
RLong
by SpartaBTC
4
REN/USD Main trend. Accumulation 637. Distribution 637.Logarithm. Time frame 1 week. The main trend. The psychology of accumulation and distribution zones. The graph shows and describes the logic of work in the accumulation and distribution zones of large and small market participants (fuel). Coin as an example. It's always the same. But, always those who are “market fuel” are sure: "This time it will be different. But, no miracle happens. It's always the same. “Market fuel” changes cycle after cycle. Most people's memories are short. Many people think they're special, or the timing is wrong... but it's always the same. In distribution, they willingly buy expensive. In the accumulation on the contrary, afraid, waiting lower, lower and so on... Project and News Ren is an open protocol that allows value to move between blockchains. RIP-000-018: Financing Ren 2.0 and the Ren Foundation Early last year, Alameda acquired Ren in partnership with Ren's previous management to provide long-term development funding. Also, after the story with Alameda (scam, trial) in the network REN 1 will be shut down (waiting for the right moment according to the general market trend), the new network REN 2 will be launched. Read more on the project website itself (read between the lines). ICO price 02 2018 ICO: 17200 REN = 1 ETH. Now the price of ETH is about $ 1200, therefore, the price of the ICO in conversion to USD will be REN 0.069, which is slightly lower than the current price of 0.063 Linear graph Secondary trend. Time Frame, 3 days. The secondary trend is distinctly downward. A downward wedge is forming. From the peak, the price decreased by -95% at the moment. This is very much, but if you consider the inadequate pumping of +11,000%, it is normal. Think about it, the distribution has been 1.76 years. Many people got used to the “stable” price for such a long time and over time were no longer afraid to buy “cheap” because from the support of the distribution pumped by a significant % repeatedly. Also note that the accumulation and distribution over time of duration are identical. I showed the maximum local pumping from the key support zones when the wedge is broken, i.e. the exit from the downtrend. Let me remind you that at the moment the trend has a pronounced downtrend. You can work positional trading from the average buy/sell price of the medium/long term, or you can wait for the price to exit a downtrend, that is, to exit a wedge with significant buyer volume. In order to understand further work, and the potential, figure out what manipulation REN1 - REN2 coin holders want to do.
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by SpartaBTC
34
BUY RENUSD (bullrun can start any minute now)Hey guys, I'm sharing this with you all because it's such a gem. Ren is a buy, long and hold. The chart speaks for itself. Roseusd had a similar setup before a significant bullrun (see picture below). The setup of Ren is almost identical. As you can see we are currently at the best buying oppurtunity after the bottom. I know it's a lot of ifs and there are a lot of assumptions being made, but this is a buy in every textbook. If you do not have the courage to buy at these levels you shouldn't trade. Arguments: -Correction completed ABC where C = 1.618 of A. -Correction completed .702 retracement reached for a 2. -Bullish divergence of RSI. -Similar setup (RSI and price structure) lead to a magical bullrun on RoseUSD. -Signs of correction being over on BTC as well to kickstart everything. As allways, it's just an idea, no financial advise, DYOR. If you like it, feel free to share and like this post.
RLong
by HodlCrypot
5