- Ravencoin price is currently observing a consolidated momentum but can soon revert to the uptrend. It might soon hit a new high of $0.2
- Technical indicators of the coin price suggest a strong upside momentum for the future. Meanwhile, RVN/BTC pair has seen a gain of 1.6% in the last 24 hours
Why To Invest In RVN Crypto?
RVN crypto price is currently seeing a consolidated momentum on the daily chart and can soon see a strong upside momentum. Ravencoin is currently trading near the value of $0.1435 and has seen a gain of more than 1.66% in the last 24 hours. The ROI of Ravencoin is more than 100% which has differentiated it from the other projects . It is a digital peer-to-peer network which aims to implement a specific blockchain, which has been designed to efficiently handle one role which is to transfer the asset from one point to another without any trouble. Raven coin was built on a Bitcoin fork code and came into existence in 2017. They are aiming to solve the problems of asset transfer on the blockchain and trading. RVN coin price might soon see a major breakout. One can invest in RVN coin as per their risk capacity and price action.
RVN coin is ranked 80th in the CMC and can soon see a major breakout in the upcoming days .The volume of the Raven Coin along with the market cap has risen in the past few days. The volume to market capitalization ratio of the Raven Coin also hints towards a strong upside momentum in price . One can position their funds according to their needs in the RVN.
Technical Indicators Suggests A Downside Momentum For The RVN Crypto
The weekly technical chart of the RVN coin suggests a strong upside momentum in price . On coming to the daily chart the asset price is currently observing a consolidated momentum on the daily chart. The bullish momentum of RavenCoin can see a halt near the value of $0.2 Meanwhile on going downside one can find the support of the asset price near $0.1. The price is currently trailing above the 50 and 100 Daily Moving Average. The 100MA line of the RVN is near $0.858 suggesting a temporary bounceback zone in price. If the coin price jumps above $0.1, then a strong upside momentum can be observed in future. RVN/BTC pair can also see new highs being formed in the future.
Conclusion
RVN crypto price is currently seeing a consolidated momentum on the daily chart and can soon see a new high. RVN/BTC pair can also see a positive trend in the future
Technical Levels
Major Support:$0.1
Major Resistance:$0.2