{"id":349986,"date":"2022-10-07T14:00:55","date_gmt":"2022-10-07T18:00:55","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=349986"},"modified":"2022-10-07T14:04:58","modified_gmt":"2022-10-07T18:04:58","slug":"ren-price-prediction-for-7th-of-october-bears-fail-to-hinder-the-bullish-progress","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ren-price-prediction-for-7th-of-october-bears-fail-to-hinder-the-bullish-progress","title":{"rendered":"Ren Price Prediction for 7th of October: Bears Fail To Hinder The Bullish Progress"},"content":{"rendered":"<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-349987\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/10\/RENUSD_2022-10-07_08-09-21.png\" alt=\"Ren Price Prediction for 7th of October: Bears Fail To Hinder The Bullish Progress\" width=\"1280\" height=\"506\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/10\/RENUSD_2022-10-07_08-09-21.png 1280w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/10\/RENUSD_2022-10-07_08-09-21-300x119.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/10\/RENUSD_2022-10-07_08-09-21-1024x405.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/10\/RENUSD_2022-10-07_08-09-21-768x304.png 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\"><\/p>\n<p>The overall market performance of <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-ren\">REN\/USD<\/a> from August to the 22nd of September forms a descending triangle candlestick trend pattern. This, when it forms, means the trend will soon reverse in the bullish direction. As the formation reached its peak (that is on the 22nd of September), a bullish engulfing candle pattern appeared on the chart. As expected, a bullish trend ensued. As the bullish trend progresses, strong bearish pressure can be felt as the bullish market progresses<\/p>\n<p><strong><span data-preserver-spaces=\"true\">Ren Market Price Statistic:<\/span><\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">REN\/USD price now: $0.1306<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">REN\/USD market cap: $130,516,050<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">REN\/USD circulating supply:999,037,500&nbsp;<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">REN\/USD total supply: 999,999,633<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">REN\/USD coin market ranking: #160<\/span><\/li>\n<\/ul>\n<p><strong><span data-preserver-spaces=\"true\">Key Levels<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">Resistance: $0.1400, $0.1500, $0.1600<br>\n<\/span><span data-preserver-spaces=\"true\">Support: $0.1300, $0.1200, $0.1100<\/span><\/p>\n<p style=\"text-align: center\"><span data-preserver-spaces=\"true\">&nbsp;<a href=\"https:\/\/insidebitcoins.com\/visit\/etoro-news\" class=\"su-button su-button-style-3d\" style=\"color:#000000;background-color:#F9A602;border-color:#c88502;border-radius:9px\" target=\"_self\" rel=\"nofollow\"><span style=\"color:#000000;padding:0px 24px;font-size:18px;line-height:36px;border-color:#fbc14e;border-radius:9px;text-shadow:none\"> <\/span><strong><span data-preserver-spaces=\"true\">Buy Ren Now<\/span><\/strong><span data-preserver-spaces=\"true\"><\/span><\/a><\/span><\/p>\n<p style=\"text-align: center\"><span data-preserver-spaces=\"true\">&nbsp;<\/span><em><span data-preserver-spaces=\"true\">Your capital is at risk<\/span><\/em><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Ren Market Price Analysis: The Indicators&rsquo; Point of View<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">In yesterday&rsquo;s market, the faceoff between buyers and sellers did not allow the price to progress beyond the point at which the market opened. Yesterday&rsquo;s trading session was represented by a spinning top candlestick pattern. That means the bearish momentum is catching up with the bullish momentum and this resulted in indecision in yesterday&rsquo;s market.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In today&rsquo;s market, it seems that the bulls could not be stopped as they have now again resumed a bullish trend. Usually, a spinning top candlestick pattern signifies an imminent trend reversal. The trend is expected to reverse, but it didn&rsquo;t reverse although, the bears appear to still be formidable.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The movement of the RSI line is slowing down (this testifies to the increased selling pressure) and now ranging at around 61% market strength. The trend may soon reverse as bullish and bearish pressure are becoming evenly matched.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-349989\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/10\/RENUSD_2022-10-07_09-10-14.png\" alt=\"Ren Price Prediction for 7th of October: Bears Fail To Hinder The Bullish Progress\" width=\"1280\" height=\"506\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/10\/RENUSD_2022-10-07_09-10-14.png 1280w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/10\/RENUSD_2022-10-07_09-10-14-300x119.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/10\/RENUSD_2022-10-07_09-10-14-1024x405.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/10\/RENUSD_2022-10-07_09-10-14-768x304.png 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\"><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">REN\/USD 4-Hour Chart Outlook<\/span><\/strong><span data-preserver-spaces=\"true\">&nbsp;<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Bulls are now struggling to make their progress as bears held tight to their heels. The spinning top candlesticks pattern, that keeps appearing on the chart, shows sellers&rsquo; persistence towards taking over the market. However, for now, bulls are having the upper hand in this market. And the RSI line measures 64.5% market strength.<\/span><\/p>\n\n            \n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">The overall market performance of REN\/USD from August to the 22nd of September forms a descending triangle candlestick trend pattern. This, when it forms, means <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/ren-price-prediction-for-7th-of-october-bears-fail-to-hinder-the-bullish-progress\" title=\"Ren Price Prediction for 7th of October: Bears Fail To Hinder The Bullish Progress\">[&#8230;]<\/a><\/div>","protected":false},"author":1742,"featured_media":349988,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7596],"tags":[12935,12335,12995],"class_list":["post-349986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-bulls-market","tag-ren","tag-ren-usd"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ren Price Prediction for 7th of October: Bears Fail To Hinder The Bullish Progress - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"The overall market performance of REN\/USD from August to the 22nd of September forms a descending triangle candlestick trend pattern. 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