RENUSDT against the background of the correcting cryptocurrency market looks quite confident and, presumably, is preparing to break through resistance
The price forms the third retest in a row against the descending resistance line, forming a bearish wedge. A pattern that can form a strong bullish impulse in the medium term and even change the trend. There is a high probability of price exiting the range (consolidation) and further growth.
In the medium term I expect breakthrough of resistance and consolidation of the price above the level of 0.1212 with further bullish impulse formation to 0.2000, 0.246, and in the long term to 0.4226.