The RSR token indicates a steady growth in its technical chart, making clear higher highs and lower highs of an uptrend. This new rally provides a box of opportunities for crypto traders, as the price is currently preparing for the next jump after bouncing from significant support.
Key technical points:
The RSR token gives a golden crossover of the 50-and-200-day EMA
The RSR chart forming a rising parallel channel
The intraday trading volume in the RSR token is $38.4 Million, indicating a 13.9% hike
Source- RSR/USD chart by Tradingview
The RSR technical chart displays an excellent trading opportunity with a parallel channel pattern in the daily time frame chart. The token’s price action has already respected the pattern’s levels multiple times, indicating a reliable pattern to take some sniper trades.
Currently, the token price is taking support from the ascending trendline, indicating a reasonable possibility of the price rising back to the overhead resistance, which is about 1