- The RENQ crypto selling price is not traded with any fiat forex.
- RenQ Finance token has underperformed Bitcoin and Ethereum.
RenQ aims to revolutionize DeFi by featuring a extensive platform merging the advantages of centralized exchanges with decentralized remedies. Catering to traders of all concentrations, it introduces new asset courses and financial merchandise even though endorsing accessibility, safety, and consumer control. RenQ envisions a decentralized foreseeable future for world-wide finance.
The crypto’s market cap is trading flat, when its selling price has advanced by 1.84% above the previous 24 several hours. Also, the current current market cap benefit of the crypto is $7.22M, and the cryptocurrency’s marketplace cap rating is #3560.
The investing quantity of the crypto further witnessed a decrease of 12.8% around the very last 24 hours, ensuing in a traded worth of $153.229M. Also, the traded quantity position for the crypto is #2499.
What’s more, the crypto’s quantity/market cap ratio is 1.99%, and the self-reporting circulating crypto offer is 1B RENQ. Also, the complete offer of the crypto is .00 RENQ as per CoinMarketCap.
The most provide of the crypto is also equivalent to the circulating offer, resulting in 1B RENQ, and the thoroughly diluted current market cap is $7.2M. Also, the Onchain market cap of the crypto is $7.009M. The crypto has a full of 10.8K holders per Etherscan.io, ensuing in whole transfers of 51.6K.
On Could 22, 2023, the rate of the Renq Finance token strike an all-time significant price tag of $.05466, and since then, the price of the crypto has declined by 86.8%. Also, the all-time reduced for the crypto was recorded on March 05, 2024, which resulted in a rate stage of $.005089. The cost of the crypto has highly developed by 41% from the next degree.
RENQ Crypto Specialized Assessment
The RENQ token cost was trading inside a falling wedge pattern for a long time, and the selling price of the token even further failed to crack earlier mentioned the wedge sample. The RENQ crypto price spent some time at the reduced band of the pattern and then further more broke under the sample.
The pursuing actions of the crypto suggests weak point in the rate and the dominance of sellers in the market place.’
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RENQ/USDT Chart by TradingView.com
The trading of the crypto is death in a working day cross of the 50-working day and the 200-while EMA, value the damaged of the crypto has above working day the 20-day and the 50-cost EMA. If the further more advancements potential customers and day to a bullish crossover in 20 and 50-short EMA, a phrase-value surge in the crypto’s might displays be witnessed.
The MACD also habits bullish day by day in the sign timeframe as the MACD and the pursuing line trade in a golden cross. The even more metrics advanced have earlier mentioned amount the zero sophisticated.
The RSI has also amount to the even more of 59.6 from the oversold zones and has damaged previously mentioned day the 14-actions SMA. This again signifies power value in the crypto Even with.
Summary
current RenQ’s drop beneath crucial aid concentrations specialized, recommend indicators brief expression-opportunity bullish price. The RENQ token alerts has exhibited bullish these prospective as a energy bullish crossover in EMAs, a golden cross in MACD, and RSI Irrespective of. bigger this, the body time indicates weak point a rate in the token Technical.
Degrees Help:
- levels amounts: $.00500 and $.005900
- Resistance article: $.01400 and $.01590
Disclaimer
This needs is for informational provide only and does not fiscal any financial commitment, information, or other writer. The persons or any mentioned report in this responsible are not money for any decline may perhaps that come about buying and selling from investing in or Please. investigation do your ahead of producing financial any decisions put up.
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