Reserve Right Token Spikes Leaving Many In Euphoria, Eyes $0.01

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RSR price holds above daily 50 EMA as price eyes $0.01 
Price continues to look bullish, holding above key support areas
RSR price breaks out of daily asymmetric triangle with high buy orders. 

Reserve Right (RSR) token price has had a rough time in recent weeks breaking out of its range but could rally to $0.01 as price broke out with more buy orders against tether (USDT). Despite the crypto market facing so much uncertainty as to where the market is headed, the price of the Reserve Right (RSR) token has shown a tremendous amount of strength as the price cracks double-digit gains. (Data from Binance)

Reserve Right (RSR) Price Analysis On The Weekly Chart
Weekly RSR Price Chart Source: RSRUSDT On Tradingview.com

The daily timeframe for RSR prices continues to look strong as the price broke out of an asymmetric triangle with strong volume. Despite RSR being rejected from a high of $0.01, the price continued in a range forming an asymmetric triangle before breaking out with good buy volume.

On the daily timeframe, the price of RSR is currently trading at $0.0074, holding its price above the 50 Exponential Moving Average (EMA), acting as support for RSR price. The price of RSR is trading below 200 EMA as it eyes $0.01, being a major resistance. The price of $ and $0.0063 corresponds to the support at 50 EMA, and $0.01 correspond to the resistance at 200 EMA for the price of RSR. 

The Relative Strength Index (RSI) for SOL is above 40 on the daily chart, indicating more sell order volume. 

Daily resistance for the RSR price – $0.01.

Daily support for the RSR price – $0.0063.

Featured Image From zipmex, Charts From Tradingview  Read More 

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