Key Takeaways
- Ren price faces bearish pressure around $0.04.
- Our Ren price prediction expects the REN price to record a maximum level of $0.0516 in 2024.
- In 2030, we expect the REN price to achieve $0.5055.
Following the U.S. SEC’s approval of the Bitcoin Spot ETF and Ethereum ETF, altcoins have gained momentum.
Should the crypto market undergo a bullish reversal, the demand for Ren (REN) could surge, potentially pushing its price beyond $0.055.
Since the beginning of 2024, Ren (REN) has shown volatility, with bulls working hard to regain control of its value. The general outlook on Ren’s price is still bearish, as buyers need to take charge of the market to maintain momentum.
Meanwhile, at the support levels of $0.028 and $0.037, bullish investors might find attractive opportunities. This price prediction for Ren examines the project’s utility, tokenomics, and market trends, providing a forecast for its price from 2024 to 2030.
Overview
| Cryptocurrency | Ren |
| Token | REN |
| Price | $0.042 |
| Market Cap | $500,964,185 |
| Trading Volume | $221,358,332 |
| Circulating Supply | 999,127,500 REN |
| All-time High | $1.83 |
| All-time Low | $0.015 |
Ren Technical Analysis
| Metric | Value |
| Current Price | $ 0.042699 |
| Price Prediction | $ 0.040817 (-6.80%) |
| Fear & Greed Index | 29 (Fear) |
| Sentiment | Bearish |
| Volatility | 11.58% |
| Green Days | 15/30 (50%) |
| 50-Day SMA | $ 0.043482 |
| 200-Day SMA | $ 0.061893 |
| 14-Day RSI | 52.71 |
REN Price Analysis
Ren price faces bearish pressure around $0.04
- REN price analysis shows a bearish pattern as it hovers around $0.04.
- Resistance for Ren is present at $0.05
- Support for REN/USD is present at $0.038
The REN price analysis for 31 August confirms that Ren witnessed bearish pressure as it faced increased selling activity. The price is currently aiming for a drop below $0.04.
Ren price analysis 1-day chart: REN price attempts to meet buyers’ demand
Analyzing the daily price chart of REN tokens, Ren’s price witnessed a bearish correction after bulls failed to defend immediate Fib lines. Over the last 24 hours, Ren price has been on a minor bearish path as sellers pushed the price toward $0.04. The 24-hour volume declined to $7.7 million, showing a decreased interest in trading activity today. Ren price is currently trading at $0.041, decreasing by over 6% in the last 24 hours.
The RSI-14 trend line has surged from its previous level and currently hovers around 48-level, showing that bulls are slowly gaining the momentum of the price. The SMA-14 level suggests upward volatility in the next few hours.
Ren/USDT 4-hour price chart: Bearish dominance surges around EMA trendlines
The 4-hour Ren price chart suggests REN continues to experience bearish activity near EMA lines, creating a negative sentiment on the price chart. As the price continues to hold below EMA lines, bulls are aiming for a break above the EMA20 trend line.
The BoP indicator is trading in a bearish region at 0.15, hinting that sellers are trying to build pressure near support levels and boost a downward correction.
However, the MACD trend line has formed green candles above the signal line and the indicator aims for a positive momentum, strengthening bullish positions.
Ren Price Predictions: Levels And Action
Daily Simple Moving Average (SMA)
| Period | Value | Action |
| SMA 3 | $ 0.039387 | BUY |
| SMA 5 | $ 0.039987 | BUY |
| SMA 10 | $ 0.043904 | SELL |
| SMA 21 | $ 0.041907 | BUY |
| SMA 50 | $ 0.043482 | SELL |
| SMA 100 | $ 0.049969 | SELL |
| SMA 200 | $ 0.061893 | SELL |
Daily Exponential Moving Average (EMA)
| Period | Value | Action |
| EMA 3 | $ 0.043258 | SELL |
| EMA 5 | $ 0.04194 | BUY |
| EMA 10 | $ 0.040214 | BUY |
| EMA 21 | $ 0.04004 | BUY |
| EMA 50 | $ 0.043422 | SELL |
| EMA 100 | $ 0.049696 | SELL |
| EMA 200 | $ 0.056618 | SELL |
What to expect from Ren price analysis next?
The hourly price chart confirms bears are making efforts to prevent the Ren price from an immediate surge. However, if the Ren price successfully breaks above $0.05, it may surge higher and touch the resistance at $0.063.
See also Ethereum price prediction 2024-2030: Will ETH reach $5,000 soon?
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If bulls cannot initiate a surge, Ren price may drop below the immediate support line at $0.038, resulting in a correction to $0.027.
Is Ren a Good Investment?
The Ren protocol, formerly known as Republic Protocol, enables interoperability across various blockchains, allowing users to transfer cryptocurrencies seamlessly. Users can lock cryptocurrencies like Bitcoin (BTC), Bitcoin Cash (BCH), and Zcash (ZEC) into the Ren software. In return, they mint equivalent ERC-20 tokens—RenBTC, RenBCH, and RenZEC—on a 1:1 ratio within the Ethereum ecosystem.
As REN price is set to surge further, it can be a good investment option in the long run. As with any cryptocurrency investment, conducting thorough research is crucial before investing in REN.
Why is the REN Price Down Today?
REN price witnessed a bearish reversal as sellers are strongly defending the resistance channels around $0.046.
Will REN Price Reach $1?
REN price might soon reach the $1 mark in 2035 if the buying demand continues to surge and Ren attracts altcoin investors.
Will REN Price Reach $10?
Due to the effort of the community, Ren Coin’s prices will continue to increase. However, there is currently no indication that the Ren (REN) Coin will reach $10 in the near future, which is a long-term target.
Is REN a Good Long-Term Investment?
REN has gained popularity thanks to strong community support. However, it’s crucial to conduct thorough research into their long-term potential to determine if it represents a viable long-term investment.
REN Price Prediction September 2024
Over the last few days, REN coin price has been on a downward trend and it aims to drop below crucial Fib levels. If the BTC price aims for a recovery above $65K this month, we might see a solid recovery in the REN price.
According to technical analysis, we might see the REN price to record the maximum level of $0.06 and minimum price of $0.03 with an expected average trading price of $0.04 throughout September.
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| Ren Price Prediction | Potential Low | Potential Average | Potential High |
| Ren Price Prediction September 2024 | 0.03 | $0.04 | $0.06 |
Ren Price Forecast 2024
The effects of Bitcoin Halving typically appear 12-18 months afterward, but 2024 might see a different trend due to heightened institutional interest and improved macroeconomic factors.
Based on in-depth technical analysis of past price data, the price of Ren in 2024 is expected to reach a minimum of $0.0457. The maximum price could hit $0.0516, with an average trading value around $0.0478.
| Ren Price Prediction | Potential Low | Potential Average | Potential High |
| Ren Price Prediction 2024 | 0.0457 | 0.0478 | 0.0516 |
Ren Price Prediction 2025-2030
| Year | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| 2025 | 0.0644 | 0.0668 | 0.0805 |
| 2026 | 0.0946 | 0.0979 | 0.1133 |
| 2027 | 0.1384 | 0.1423 | 0.164 |
| 2028 | 0.2037 | 0.2108 | 0.2454 |
| 2029 | 0.2891 | 0.2975 | 0.3483 |
| 2030 | 0.4216 | 0.4365 | 0.5055 |
Ren Price Prediction 2025
In 2025, the price of Ren is anticipated to reach a minimum of $0.0644. The maximum price is projected at $0.0805, with the average price throughout the year hovering around $0.0668.
REN Price Forecast for 2026
The price of Ren is projected to hit a minimum of $0.0946 in 2026. The price could climb to a maximum of $0.1133, with an average price expected to be $0.0979.
Ren (REN) Price Prediction 2027
In 2027, the price of Ren is forecasted to reach a minimum of $0.1384. It could escalate to a maximum price of $0.1640, with the average trading price likely at $0.1423.
Ren Price Prediction 2028
For 2028, it is anticipated that Ren will have a minimum price of $0.2037. The price may peak at a maximum of $0.2454, with an average price of $0.2108 throughout the year.
Ren Price Prediction 2029
In 2029, the price of Ren is forecasted to start at a minimum of $0.2891. The price could reach a maximum of $0.3483, averaging at $0.2975 for the year.
Ren (REN) Price Prediction 2030
The price of Ren in 2030 is predicted to start at a minimum of $0.4216. It could reach a maximum price of $0.5055, with the average price during the year expected to be $0.4365.
Ren Market Price Prediction: Analysts’ REN Price Forecast
| Firm Name | 2024 | 2025 |
| Coincodex | 0.04 | 0.055 |
| Digital Coin Price | 0.0928 | 0.11 |
| Changelly | 0.0458 | 0.0644 |
Cryptopolitan’s Ren Price Prediction
At Cryptopolitan, we are bullish on the Ren price movements as the coin is expected to surge to new highs by the end of this year. Based on in-depth technical analysis of past price data, the price of Ren in 2024 is expected to reach a minimum of $0.0457. The maximum price could hit $0.0516, with an average trading value around $0.0478.
Ren Historical Price Sentiment
- REN price started trading in 2018 at a price of $0.08.
- The price continued to consolidate in the following years; however, it skyrocketed above $1.3 in 2021.
- However, by the end of 2021, the price of Ren declined.
- Since then, the price has been consolidating between $0.03-$0.1.
