When you analyze the price action of altcoins like Ren (REN), and a bunch of others that have made magnificent triple-figure gains over the past 90 days, one could begin to wonder whether the altseason is making its way back. This presumption appears to be especially relevant since Bitcoin decided to take a time out after the halving by ranging and making Bart Simpson patterns, losing its dominance along the way.
And while most cryptocurrencies are sluggish, loitering about some critical resistance levels or whatnot, REN is constantly pulling its price to the upside like a draft horse. Last month, the coin had an impressive performance as its value in USD and Bitcoin got appreciated by 50%, although it did slightly worse than Ethereum, having gained 30% less than the 2nd cryptocurrency.
1-month REN/USDT chart
But the most important thing that happened to Ren over this period was the establishment of a new local high, which is now in the process of completion as the price has been on the rise for the past seven days, having already made a nearly 40% frog leap, thus once again outdid the dominant currencies.
30-day REN/BTC/ETH comparison chart