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Augur (REP): Another Futile Attempt at Macro Resistance

October 2020

Augur was among the first blockchain projects to introduce the P2P protocol for prediction markets, along with a decentralized oracle for the seamless migration of real-world data to the blockchain. REP, which has been recently upgraded to REPv2, following the release of the corresponding network upgrade to Augur V2 that took place in July, incorporates an unusual staking procedure which involves the provision of correct market predictions, or the outcome of any other bettable events, to the network in order to be eligible to receive a share of markets settlement fees. Those who passively hold REP without participating in predictions and disputes are penalized. Also, the fact that the developers have adjusted the platform's technical capabilities to be able to participate in the DeFi movement has also played a significant role in REP's decent performance of late.

REP can't break out of the range

Over the past year, Augur improved its USD value by 71% and bested Bitcoin by 28%, but dropped by 20.1% against Ethereum. The last month was quite brutal to the cryptocurrency market in general and REP in particular as it lost 30% across the board due to the overwhelming selling pressure. As of now, REP is valued at $14.46, having gained 2.3% in the last 24 hours and 8.2% during the week. The prediction/DeFi token currently holds the 70th position in global rankings, with the market capitalization of $159 million and an all-time ROI of 884%.

REP historical chart

The all-time chart tells that REP is lightyears (or 88%) away from its highest ever value at $99.8, captured during the infamous crypto bubble of 2018. But the most important thing that becomes apparent on the historical chart is the resistance level at $27 that has proven to be insurmountable for Augur ever since the downtrend had transitioned to consolidation. $14.45 is another important price level on the macro scale, where REP had been rejected on multiple occasions, though now, it could serve as a durable support level.

On the weekly chart, we have determined three important price levels that have to be taken into consideration when devising tactics for positional trading.

1-week REP/USDT chart

Key indicators, however, suggest that Augur is likely to experience further depreciation due to the presence of the fully-fledged bearish crossover on MACD, with the corresponding momentum yet to reach its peak, judging from the size of the red histogram and the fact that both MAs haven't reached the zero line for a probable rejection;

The Accumulation/Distribution indicator is flashing an absolutely enormous bearish divergence that lingers since May and hints that a significant price drop might happen at any moment.

Our Augur price prediction is that the action in the next four to six weeks will revolve around $14.5 for some time, but will ultimately head southward to the support at $10 - $10.1.

Author: Alex Paulson for


Augur (REP) - Ready to Break the Resistance
Augur (REP) - Ready to Break the Resistance
Augur: Quick Rise and Uncertain Future
Augur: Quick Rise and Uncertain Future
Augur (REP) Price Prediction for November 2019
Augur (REP) Price Prediction for November 2019

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 76.4% 50 $49 128.70 -7.55% -10.26% $928 110 420 973 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 81.2% 36 $4 120.96 -1.29% 0.92% $488 780 881 496 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 80.8% 32 $562.73 -3.52% -6.79% $93 864 649 605 BNB 7 days price change
4 Tether (USDT) USDT Tether predictions 92% 1 $1.001430 0.08% 0.06% $74 263 665 994 USDT 7 days price change
5 Solana (SOL) SOL Solana predictions 70% 62 $198.10 -2.74% 3.42% $60 546 003 381 SOL 7 days price change
6 Cardano (ADA) ADA Cardano predictions 64% 72 $1.39 -8.63% -9.93% $46 287 449 057 ADA 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 90.4% 2 $1.000097 -0.05% 0% $40 029 698 519 USDC 7 days price change
8 XRP (XRP) XRP XRP predictions 70% 66 $0.836385 -7.82% -11.54% $39 516 931 096 XRP 7 days price change
9 Terra (LUNA) LUNA Terra predictions 69.6% 62 $74.36 25.00% 66.02% $28 825 591 225 LUNA 7 days price change
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12 Avalanche (AVAX) AVAX Avalanche predictions 64.4% 75 $90.68 -11.80% -18.97% $22 009 485 134 AVAX 7 days price change
13 SHIBA INU (SHIB) SHIB SHIBA INU predictions 62.4% 76 $0.000036 -8.88% -7.14% $19 722 014 052 SHIB 7 days price change
14 Chain (CRO) CRO Chain predictions 57.6% 86 $0.600991 -3.69% -20.69% $15 182 834 806 CRO 7 days price change
15 Polygon (MATIC) MATIC Polygon predictions 67.6% 62 $1.97 -8.29% 22.24% $13 803 349 402 MATIC 7 days price change

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