$REN has officially broken out of a bullish pennant on the 1Hr timeframe – a powerful continuation pattern signaling potential for more upside.

Here’s what’s happening:

After a sharp rally, Price consolidated between $0.0140–$0.0155, forming a textbook pennant.

Price just broke above the upper trendline with strong bullish candles, pushing to $0.0164.

This breakout confirms buyer strength and suggests momentum continuation.

Key Levels:

Breakout Zone (Support): $0.0150

Immediate Resistance: $0.0168 – $0.0172

Bullish Targets: $0.0185, $0.0192, and potentially $0.0200 if momentum continues

Invalidation (SL): A close below $0.0145 would weaken the setup.

Bullish pennants often follow strong moves and act as a pause before another leg up. With #REN holding above the breakout zone, this setup looks promising for short-term bulls.