- REEF worth continues to indicate the market how it’s performed as worth tendencies within the inexperienced zone for 2 straight days.
- REEF trades above key resistance as worth breaks out of vary holding above 8 and 20-day EMA.
- The value of REEF eyes a recapture of $0.01 as key resistance was flipped into assist.
The value of Reef Finance has continued to indicate its power as worth tendencies with double-digit positive factors in opposition to tether (USDT) on two separate days in a row. With the crypto market cap bouncing from its weekly low because the market continued to look promising, the worth of Reef Finance was not omitted as the worth broke out of its lengthy weekly vary, with the worth trending to a better peak. (Knowledge from Binance)
Reef Finance (REEF) Value Evaluation On The Weekly Chart.
The crypto market received reduction, as anticipated for many crypto altcoins. Nonetheless, some altcoins have continued in a range-bound motion with the latest surge in worth amongst most crypto property.
The value of REEF in earlier months has been stocked in a variety field as the worth couldn’t escape with actual quantity. REEF’s worth continued to maneuver between the area of $0.004 and $0.003 in a bid to interrupt out and pattern greater.
After a long-range motion, with the month trying good for many altcoins, as many name it the month of Uptober, the worth of REEF broke out with good quantity from its vary as worth rallied to a excessive of $0.065
REEF has an excellent use case and little question was a catalyst as the worth hit an all-time excessive of $0.3 earlier than seeing its worth rejected to a low of $0.003 as the worth bounced off this area for a minor reduction.
With the present construction, the worth of REEF has been maintained; we may see the worth going to a excessive of $0.01 if the reduction state of the market stays for an extended time.
Weekly resistance for the worth of REEF – $0.01.
Weekly assist for the worth of REEF – $0.004.
Value Evaluation Of REEF On The Day by day (1D) Chart
On the every day timeframe, the worth of REEF continues to indicate power as the worth pulled over a 20% acquire regardless of the market seeking to have stalled in price movement; after hitting a every day low of $0.003, the worth of REEF rallied to a excessive of $0.005 the place the worth was rejected into a variety of $0.004-0.003 as worth struggled to interrupt out.
On a profitable breakout, the worth of REEF rallied with a lot aggression as bulls had been in command of the worth, pushing the worth to a excessive of $0.0067.
The value of REEF at the moment trades at $0.0053, simply above the 8 and 20-day Exponential Shifting Common (EMA). The value at $0.0050 and $0.0048 corresponds to the costs at 8 and 20-day EMA for REEF on the every day timeframe. With the worth of REEF holding sturdy and a doable worth continuation, we may see a retest of $0.01 very quickly.
Day by day resistance for the REEF worth – $0.00650.
Day by day assist for the REEF worth – $0.005.
Featured Picture From Zipmex, Charts From Tradingview