- RVN coin price is currently observing a strong downside momentum in the daily chart and can soon see a new low in the future. It has seen a gain of more than 3% in the past 24 hours
- Ravencoin price may see a breakdown to lower levels in the future..Meanwhile, RVN/BTC pair is down by more than 2.29% in the intraday session
RVN crypto price is right now noticing a downtrend in the day-by-day outline and can see a return to the bull run in the future. Raven Coin cost has seen a gain of over 3% in the intraday meeting and is exchanging close to the worth of $0.1179. The asset has an exceptionally high ROI and has helped the financial backers in the long haul. RVN needs to jump over 61% of its present worth to break its untouched high value. The resource can before long see an inversion to another high in the future. One can put resources into Ravencoin as per their needs and risk capacity.
Raven Coin’s market strength alongside CMC has been seeing a downtrend and can soon test the lower levels. The volume of the coin has also been on a halt. Volume to market cap proportion of the coin recommends a solid bull rally. One can figure a solid development in RVN in the future
RVN Crypto Price Sees A Weak Recovery
The weekly technical chart of the Raven Coin price has been seeing a downside momentum and can soon see a new low. Coming to the daily chart, the asset is showing a weak downside momentum. The upside trend of the Ravencoin price might observe a hostility near the value of $0.15. The support of the coin can see a hostility near the value of $0.1. The coin price is currently trading in between the 50 and 100 Daily Moving Average. The 50 MA line is at $0.108 acting as a temporary support bounceback in the future. If the coin price jumps 15 to 20% below the current level then a strong downside momentum can be seen. RVN/BTC pair can also observe a new low in the future
Conclusion
RVN coin price has been seeing a downside and can soon see a new low in the future. RVN/BTC pair can also observe a new high in the future. One should do their due diligence before investing.
Technical Levels
Major Resistance: $0.15
Major Support: $0.1