Reserve Rights Posts Surprise 200% Rally in 2 Days. What’s RSR?We’re in that period of the cycle where crypto is never dull. Amid all the hype of Bitcoin hitting $100,000 (spectacular in and of itself), a fairly small token is skyrocketing 200%, hitting a $1.2 billion market cap, and clawing its way into the Top 100 .
The trigger? Donald Trump. The Preside
Key stats
Reserve Rights $RSR Reserve Rights is used for staking to overcollateralize reserve stablecoins RTokens and govern their configuration via proposals and voting.
Team
Nevin Freeman CEO
Miguel Morel is the co-founder and CEO of Arkham. Prior to founding Arkham, Morel co-founded Reserve Protocol, a stablecoin designed
RSR - Neutral to slightly bullishRSR - Neutral, looking for a hold around 0.0044 to 0.0054 for sideways action that tops out around 0.0065. Fear & greed index not quite to peak fear where I like to buy. MACD - not much momentum. I expect some sideways action as RSR further consolidates with a slight upward bias for next week.
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After a strong preload, the price was able to break through the wedge, in the short term, I think the priorities are ascending to 0.236, then it will be possible to enter from
RSR - Looks BearishConsider to take profits here.
There is the diagonal resistance which the price hasn't been able to get through several times.
Also the Volume is weak.
Targets the lows.
RSR rangingWaiting to observe weakness on the range boundaries.
leaning more bearisch currently due:
- to price-action of last few days.
- below trendline with origination of 12May
RSR/USDT LONG - 90% profit in less than an hourIn this market, selling too early is not a thing in my opinion. get in and get out.
I have had my eye on this play for a couple days now since it hit my scanners with the "Impulse1" as seen, I set my limit order shortly after seeing it begin to retrace and left it to do it's thing. Just been waitin
$RSR continuation from hereLooks like a break and retest of previous daily spike. Expecting it to go up from here. Hopefully the market stays bullish.
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