Reserve Right which is a dual-token stablecoin has been performing well lately.
Ranked 114th in the market, Reserve Right recorded a high of around $ 0.034 ending yesterday’s trading session.
Reserve Right started a drastic price movement at the end of July producing a 100% positive spike.
It now has a market capitalization of over $ 400 million with a turnover of over $ 50 million in the last 24 hours.
Next, examine the current movement chart of the RSR/USDT price,
The price movement of the RSR has exhibited a jump of over 100% has been the concern of investors.
From a technical point of view, the RSR is now seen moving weakly either making a correction or continuing the decline to retest the RBS zone (resistance become support) around $ 0.030.
For further expectations, if the RSR continues to show a bearish pattern, the RBS zone around $ 0.030 will be tested first before continuing lower.
On the other hand, if the RSR returns to show a bullish pattern, the resistance zone around $ 0.033 will be the next focus to be tested again before making a higher rise or recording a recent high.
At the time of writing, the RSR is trading around $ 0.03 down over 7% in the last 24 hours.
