REN(ren)market reviews and price predictions
REN market statement for 2023-06-02
Yesterday the price of ren stood at $0.07. The market capitalization of the asset was $72 511 880. REN’s volatility was established at 2.25%. The trading volume of the coin reached $4 591 323.
REN prognosis for the next days:
We estimate the price of REN to be $0.07 tomorrow 2023-06-04 and $0.07 on 2023-06-10;
We estimate the market capitalization of REN to reach $74 820 165 tomorrow 2023-06-04 and $74 297 513 on 2023-06-06;
We estimate the volatility of REN to become 1.92% tomorrow 2023-06-04 and 1.78% on 2023-06-06;
We estimate the trading volume of REN to amount to $5 289 080 tomorrow 2023-06-04 and $5 256 598 on 2023-06-06.
Our recommendation for the pair REN/USD for tomorrow, 2023-06-04, to buy.
The torpid REN had its price rise only by 1% last week (May 27 - June 2).
Between May 27 - June 2, REN has been mostly as its price has been in the rising mode. REN was caught in a period of low volatility, which was reflected in its price action. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The price action of the crypto coin last week took place on the back of decreased trading volume.
Buyers weakened their grip on the REN market (May 27 - June 2) as the price rose only by 1%.
REN has been last week as its price has been predominantly rising. REN 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 decreased market capitalization of the said digital asset. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
May 22 - May 28 market wrap: REN had a slight 1% drop.
The behavior of REN last week was characterized by the occurrence of downswings. The volatility of REN 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 price action of the crypto coin from last week stemmed from the decreasing trading volume.
Red clouds gathered above the REN market last week (May 19 - May 25) as the price went down by 7%.
The analysis of last week’s price action shows that the REN market is in the bearish phase since the price has been moving downward. The situation on the REN market shows that the underlying asset is currently experiencing a period of medium volatility. The market capitalization of the asset has been decreasing in concert with the price of the coin. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
Market review from May 12 to May 18 : REN gets a 6% price appreciation.
The behavior of REN last week was characterized by the occurrence of upswings. The price swings of REN pointed to the presence of low volatility. The asset saw its market capitalization growing over the reviewed period together with its price. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.
A 8% price increase last week (May 11 - May 17) confirms the bullishness of REN.
The upward movement of the REN price last week indicates the chosen market is. REN 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 price action of the crypto coin last week took place on the back of decreased trading volume.
The torpid REN had its price rise only by 1% last week (May 9 - May 15).
REN has been last week as its price has been predominantly rising. The volatility of REN has been medium throughout the reviewed period in correspondence with the price action. The asset saw its market capitalization growing over the reviewed period together with its price. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.
The torpid REN had its price rise only by 1% last week (May 9 - May 15).
The behavior of REN last week was characterized by the occurrence of upswings. The volatility of REN has been medium throughout the reviewed period in correspondence with the price action. There has been a rise in the market capitalization of the asset during the period under review. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.
The bears had a field day between May 6 and May 12 as REN got knocked down by 14%.
The analysis of last week’s price action shows that the REN market is in the bearish phase since the price has been moving downward. REN was caught in a period of medium volatility, which was reflected in its price action. 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.
REN lost 9% in the period May 4 - May 10 as a result of selling pressure.
The downward movement of the REN price last week indicates the chosen market is bearish. REN has been going through a period of medium volatility, which fell in line with the occurred price changes. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.