- REEF worth continues to indicate the market how it’s accomplished as worth traits 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 worth of REEF eyes a recapture of $0.01 as key resistance was flipped into assist.
The worth of Reef Finance has continued to indicate its power as worth traits with double-digit positive aspects 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 disregarded as the worth broke out of its lengthy weekly vary, with the worth trending to the next peak. (Information from Binance)
Reef Finance (REEF) Worth Evaluation On The Weekly Chart.
The crypto market acquired reduction, as anticipated for many crypto altcoins. Nevertheless, some altcoins have continued in a range-bound motion with the current surge in worth amongst most crypto belongings.
The worth of REEF in earlier months has been stocked in a spread field as the worth couldn’t get away 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 larger.
After a long-range motion, with the month wanting 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 doubt 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.
Worth 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% achieve regardless of the market seeking to have stalled in worth motion; 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 spread 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 accountable for the worth, pushing the worth to a excessive of $0.0067.
The worth of REEF at present trades at $0.0053, simply above the 8 and 20-day Exponential Shifting Common (EMA). The worth 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