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Dalmas Ngetich
May 23, 2022
by Dalmas Ngetich

Augur Surges 110% from 2022 Lows, REP Bulls Targeting $18

Augur

Table of contents

  1. Past Performance of Augur
    1. Augur Technical Analysis
    2. What to Expect from REP?
Augur prices are steady at spot rates. However, following the gains of May 22, REP is up 110 percent from 2022 lows. The immediate term target for REPUSDT traders lies at $18.

Past Performance of Augur

Augur prices are up 110 percent from May 2022 lows from the daily chart. The surge of this weekend propelled REP prices to retest Q1 2022 lows.

There has been no conclusive confirmation of May 22 gains at spot rates. Nonetheless, buyers are firmly in control as REPUSDT recovers from 2022 lows.

Augur Technical Analysis

Augur REP Daily Chart for May 23

As per the REPUSDT candlestick arrangement in the daily chart, the swing of May 22 ignited demand. After REP crypto prices tanked from April highs to print new 2022 lows at $5.5, prices are now bottoming up.

With the primary trend set, traders may search for long positions ideally above $10. This level is around the 50 percent Fibonacci retracement level of the trend defining bull bar. The immediate resistance land buy target lies at $18, or April 2022 highs.

What to Expect from REP?

After sharp drops, REPUSDT prices are inching higher. The surge of May 22 is trend-defining and has set the immediate term trajectory. Subsequent gains into Q1 2022 territory could see REP inch higher to retest $18.

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Augur REPUSDT Augur technical analysis
Augur Surges 110% from 2022 Lows, REP Bulls Targeting $18
Dalmas Ngetich
Dalmas has been passionate about the blockchain and crypto space ever since he’s heard about it. As someone who’s been closely following the trends in the crypto space, Dalmas is excited about what lies ahead in this niche and is all set to explore it. While he’s been advocating crypto adoption for a number of years, he’s himself a HODLer, which makes his voice authoritative and credible.

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