renBTC(renbtc)market reviews and price predictions
renBTC market statement for 2023-05-31
Yesterday the price of renbtc stood at $28 729. The market capitalization of the asset was $8 847 626. renBTC’s volatility was established at 1.52%. The trading volume of the coin reached $3 237.
renBTC prognosis for the next days:
We estimate the price of renBTC to be $27 971 tomorrow 2023-06-04 and $28 163 on 2023-06-10;
We estimate the market capitalization of renBTC to reach $8 249 594 tomorrow 2023-06-04 and $8 552 034 on 2023-06-06;
We estimate the volatility of renBTC to become 3.34% tomorrow 2023-06-04 and 2.23% on 2023-06-06;
We estimate the trading volume of renBTC to amount to $9 717 tomorrow 2023-06-04 and $10 764 on 2023-06-06.
Our recommendation for the pair RENBTC/USD for tomorrow, 2023-06-04, to sell.
Restrained price action on May 25 to May 31 as renBTC moves up by only 4%.
The behavior of renBTC last week was characterized by the occurrence of upswings. RENBTC has been going through a period of low volatility, which fell in line with the occurred price changes. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.
Down by 4% : The renBTC market saw some bearish action last week (May 20 - May 26).
The behavior of renBTC last week was characterized by the occurrence of downswings. The situation on the RENBTC market shows that the underlying asset is currently experiencing a period of medium volatility. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
Bearish response: The renBTC price melts by 2% between May 19 and May 25.
renBTC has been last week as its price has been predominantly falling. The situation on the RENBTC market shows that the underlying asset is currently experiencing a period of medium volatility. The price action on the coin's market translated to the decline of market capitalization. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
renBTC retraces by 4% in the period May 18 - May 24 as the market turns slightly bearish.
The price of renBTC was falling last from May 18 until May 24, giving enough reason to conclude that the market is bearish. The situation on the RENBTC market shows that the underlying asset is currently experiencing a period of medium volatility. Last week’s market conditions reflected on the market capitalization of the asset, which was rising. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.
May 8 - May 14 market wrap: renBTC had a slight 5% drop.
The price of renBTC was falling last from May 8 until May 14, giving enough reason to conclude that the market is bearish. RENBTC has been going through a period of low volatility, which fell in line with the occurred price changes. There has been a fall in the market capitalization of the asset during the period under review. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
renBTC slid down by 5% last week (May 8 - May 14) as the sellers pushed back.
The price of renBTC was falling last from May 8 until May 14, giving enough reason to conclude that the market is bearish. The price swings of RENBTC pointed to the presence of low volatility. The market capitalization of the asset has been decreasing in concert with the price of the coin. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
May 8 - May 14 market wrap: renBTC had a slight 5% drop.
The bearish behavior of renBTC last week was characterized by the occurrence of downswings. The price swings of RENBTC pointed to the presence of low volatility. The asset saw its market capitalization falling over the reviewed period together with its price. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
Bearish response: The renBTC price melts by 2% between May 3 and May 9.
The price of renBTC was falling last from May 3 until May 9, giving enough reason to conclude that the market is bearish. The volatility of RENBTC has been medium throughout the reviewed period in correspondence with the price action. There has been a fall in the market capitalization of the asset during the period under review. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
Bearish response: The renBTC price melts by 4% between April 27 and May 3.
The analysis of last week’s price action shows that the renBTC market is in the bearish phase since the price has been moving downward. RENBTC has been going through a period of medium volatility, which fell in line with the occurred price changes. The market capitalization of the asset has been decreasing in concert with the price of the coin. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.
April 27 - May 3 market wrap: renBTC had a slight 4% drop.
The downward movement of the renBTC price last week indicates the chosen market is bearish. The situation on the RENBTC market shows that the underlying asset is currently experiencing a period of medium volatility. The asset saw its market capitalization falling over the reviewed period together with its price. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.