REN
Fundamental Analysis
Introduce
Introducing RenVM, a core product providing access to inter-blockchain liquidity for all decentralized applications. Bringing BTC, BCH and ZEC to your Ethereum dApp.
BasicInfo
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | REN | Market Cap | 31100000 |
| Name | Ren | White Paper | -- |
| Web Site | https://renproject.io/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1000000000 | |
| Supply | 1000000000 | Release Date | 2018-02-02 |
| Available Supply | 1000000000 |
Technical Analysis
Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2024-12-31 | 0.03008 | 0.03266 | 0.02958 | 0.03145 | 14242.3926179 |
| 2024-12-30 | 0.0318 | 0.03301 | 0.02954 | 0.03021 | 21768.2350211 |
| 2024-12-29 | 0.03252 | 0.03291 | 0.03142 | 0.03198 | 19484.2934697 |
| 2024-12-28 | 0.03138 | 0.03363 | 0.03073 | 0.03252 | 68174.6293435 |
| 2024-12-27 | 0.02884 | 0.03336 | 0.02862 | 0.03144 | 49228.8515228 |
| 2024-12-26 | 0.0326 | 0.03576 | 0.02821 | 0.02884 | 126526.1892866 |
| 2024-12-25 | 0.03075 | 0.03257 | 0.02932 | 0.03253 | 56015.535079 |
| 2024-12-24 | 0.02929 | 0.03099 | 0.02858 | 0.03085 | 56164.3285505 |
| 2024-12-23 | 0.02862 | 0.02984 | 0.02785 | 0.02929 | 49546.8559994 |
| 2024-12-22 | 0.0297 | 0.03062 | 0.02822 | 0.02866 | 33911.0693282 |
| 2024-12-21 | 0.03119 | 0.03299 | 0.02909 | 0.02987 | 35739.2109245 |
| 2024-12-20 | 0.0304 | 0.0326 | 0.02659 | 0.03111 | 105023.0232633 |
| 2024-12-19 | 0.03251 | 0.03359 | 0.02888 | 0.03066 | 111524.8957685 |
| 2024-12-18 | 0.03825 | 0.03958 | 0.03237 | 0.03244 | 81013.5840767 |
| 2024-12-17 | 0.04151 | 0.04316 | 0.03817 | 0.03827 | 104140.8849109 |
| 2024-12-16 | 0.04229 | 0.04365 | 0.03835 | 0.04137 | 187158.0582494 |
| 2024-12-15 | 0.04271 | 0.04344 | 0.04001 | 0.04229 | 57763.7193812 |
| 2024-12-14 | 0.04284 | 0.04441 | 0.04146 | 0.04275 | 64341.4142221 |
| 2024-12-13 | 0.04516 | 0.04541 | 0.0412 | 0.04306 | 80543.4394584 |
| 2024-12-12 | 0.04585 | 0.04742 | 0.04389 | 0.04517 | 65417.940314 |
| 2024-12-11 | 0.04529 | 0.04775 | 0.04325 | 0.04584 | 101984.9444701 |
| 2024-12-10 | 0.04081 | 0.04666 | 0.04017 | 0.0456 | 213491.2785007 |
| 2024-12-09 | 0.04717 | 0.04722 | 0.03748 | 0.04085 | 357777.9120587 |
| 2024-12-08 | 0.04765 | 0.05 | 0.04628 | 0.04743 | 506105.2306524 |
| 2024-12-07 | 0.04856 | 0.05209 | 0.04678 | 0.04762 | 735123.1949992 |
| 2024-12-06 | 0.04572 | 0.05026 | 0.04522 | 0.04857 | 1018751.0502083 |
| 2024-12-05 | 0.04863 | 0.06304 | 0.04466 | 0.04578 | 2570652.4236644 |
| 2024-12-04 | 0.04951 | 0.05054 | 0.04454 | 0.04881 | 292441.4424193 |
| 2024-12-03 | 0.04862 | 0.05183 | 0.04217 | 0.04957 | 465957.9925683 |
| 2024-12-02 | 0.05127 | 0.05236 | 0.04423 | 0.04854 | 790537.2204824 |
Analysis
The price experienced a significant downtrend from early to mid-December, followed by a period of consolidation and a subsequent rebound attempt. The initial drop was accompanied by high volume, suggesting strong selling pressure. The consolidation phase showed decreased volatility and volume. Recent days reveal a struggling rebound with lower highs and higher lows, accompanied by low volume compared to previous weeks. Overall, the data suggests weakening upward momentum and possible further consolidation or a potential retest of recent lows if downward pressure resumes. The current price is significantly lower compared to the start of the analyzed period and shows a lack of strong directional movement.
News Analysis
News
20241204
- REN MACD Turning Negative ↓
20241201
- REN VOL TIMES
20241130
- REN PRICE NEW HIGH ↑
20241129
- REN PRICE NEW HIGH ↑
- REN MACD Bullish Reversal ↑
20241126
- REN PRICE NEW HIGH ↑
20241117
- REN PRICE NEW HIGH ↑
20241115
- REN VOL TIMES
20241109
- REN EMA Golden Cross ↑
20241106
- REN VOL TIMES
Analysis
The provided data indicates a significant shift in the price and momentum of REN. From November 6th to November 17th, volume surges accompanied by repeated new price highs suggest a strong uptrend driven by increased buying pressure and market enthusiasm. The golden cross of the Exponential Moving Averages (EMA) on November 9th further validates this upward trajectory. This period culminates in a MACD bullish reversal on November 29th, solidifying the bullish sentiment. However, the upward momentum appears to have stalled by the end of November. While a final new price high is observed on November 30th, the lack of accompanying volume is noticeable and suggests potential weakness. The subsequent days see a return to higher volume but without price gains, possibly indicating a period of indecision or consolidation. On December 4th, the MACD turning negative signifies a potential shift in momentum, suggesting a possible bearish trend. The recent price action indicates that the period of rapid price appreciation may be ending. The lack of positive price catalysts, coupled with declining momentum, suggests that there might be an upcoming consolidation or possibly a price correction. Market participants should remain vigilant for further signs of bearish sentiment and reduce their exposure. The volume surges and new highs that initiated the trend have now turned into potential price risk factors with the shift in the MACD signal. Based on the data, short-term outlook is showing weakness.
