Warena Technical Analysis: Price Upsurge By 73.23%

Key technical points: Warena price ascends by 73.23% Rena’s current price is $0.08936 Warena Market capital is $9,576,797.83 RENA Past Performance RENA technical analysis reveals that the cryptocurrency price has surged by 73.23% in the past 24 hours. The coin’s market capitalization currently stands at $9,576,797.83 trading volume in the same period is $902,993.50. The cryptocurrency is currently trading at $0.08936 In the past 7 days, the price of RENA has increased by 16.85%. This surge in price can be attributed to a number of factors including but not limited to the following: The overall market trend: The cryptocurrency market has been on an uptrend in the past few weeks and this has had a positive impact on the price of RENA. Source Trading view RENA Technical Analysis The price of RENA has accelerated in the past few hours and this is likely to continue in the short term. The MACD is currently in the bullish zone and the RSI is 53 heading to 60 which indicates that the coin is in the overbought zone. However, this does not mean that the price will correct immediately as the market is still in an uptrend. The Bollinger bands are also squeezing which indicates that the price is in a consolidation phase and is preparing for a breakout. Traders should, therefore, watch out for a possible pullback to support levels of $0.09 and $0.08 where they can take profits or initiate long positions. In the event that the price breaks ...