💹 #REX Short-term price analysis 👀👇
REX is on a bullish run! It has surged 258% to $0.03966 in past month.
It's just ranked the top 400 cryptocurrency with a market cap of $77.25 million.
REX is currently consolidating near $0.039 amid strong buying pressure with key support levels at $0.0338 (23.6% Fib), $0.0294 (38.2%).
These levels suggest that the price has strong footing for another leg up.
Currently, it's time to buy and HODL.
We predict, in the short term, the price could break its next resistance at $0.044 and rally toward $0.056, which is a 43% surge.
The overall momentum is bullish with RSI at 86.57, which is overbought and price is well above the 100 EMA (~0.01741), confirming a shift to bullish structure.
