After a brief down trend, REN should head back to $0.90 before the middle of October, before moving up further.
Comment:
I expect REN to consolidate around $0.60-.70 and then move up towards the end of September to the $0.90 range. Bad news from the legacy economic system (Evergrande) pushes more people to seek alternatives, like the crypto/blockchain economic system that is being built. As a blockchain consultant, I've never had more recruiters reach out to me than I have the past 1-2 months. The legacy system knows it is in trouble. The question is whether they'll be shielded from entrepreneurial competition by their partners in government or not.