$RE
is still showing a lot of movement.
RE is trading around $0.48, with 24h volume close to $282M. Price is down about 7% today, so sellers have taken back some of the recent move.
The chart has been pretty wild since RE started trading. It pushed much higher earlier, then came back down and has been moving inside a wide range. The $0.37–$0.40 area is worth watching on the downside, while $0.50–$0.60 is where buyers would need to show some real strength again.
Volume is still big, though. If buyers return and price gets back above $0.50, the setup could look better. If sellers keep pressing, I’d expect another test of the lower range.
#RE #ReProtocol #SamsungToAnnounceNewShareholderReturnPlanFriday #BinanceSquareFamily
is still showing a lot of movement.
RE is trading around $0.48, with 24h volume close to $282M. Price is down about 7% today, so sellers have taken back some of the recent move.
The chart has been pretty wild since RE started trading. It pushed much higher earlier, then came back down and has been moving inside a wide range. The $0.37–$0.40 area is worth watching on the downside, while $0.50–$0.60 is where buyers would need to show some real strength again.
Volume is still big, though. If buyers return and price gets back above $0.50, the setup could look better. If sellers keep pressing, I’d expect another test of the lower range.
#RE #ReProtocol #SamsungToAnnounceNewShareholderReturnPlanFriday #BinanceSquareFamily