- REV token price continues to grow within a rounding bottom price pattern in the daily chart.
- REV trades above all the crucial EMAs forecasting golden bullish crossover.
- The token pair REV/BTC trades with a gain of +13.12% at 0.0000004565 BTC.
The REV token’s price has been increasing higher, causing flag patterns on the 24-hour technical charts. However, the intense buying pressure and price action suggest an uptrend in action.
The crypto asset is trading higher than all Exponential Moving Averages projecting an uptrend. The rising EMAs are support levels for investors in the unlikely event of a bearish reversal. The recent price rise may have helped the EMAs achieve bullish alignment.
Suppose the price rises above $0.021, and investors could see a 20%-30% price increase. Investors could also see a fall of the equivalent or worse magnitude if prices decline dramatically.
The REV Token trades at $0.02194, increasing +13.78% in market capitalization over the past day, suggesting that the price will continue to rise as it approaches a critical resistance level.
REVAIN’s intraday trading volume has fallen by 11%, indicating that investors with bullish intentions are less interested in the stock.
Growing Converging Triangle In REV Price Chart
The price chart for the 4-hour shows that trading volume increased at the REV token price. Thus, bullish momentum continues to drive the price action. The formation of bullish candlesticks continues to be a sign of this.
Technical analysis of REVAIN’s price action indicates that a bullish breakout may have difficulty rising above $0.026- $0.033. Furthermore, if prices breach the 20-period EMA, the bearish tendency may drop below 30% to 50%.
As RSI approaches the overbought area, bullish momentum is evident by the RSI indicator.
The ADX indicator indicates a surge in momentum for the price trend.
The trend is strengthening, and overall bullishness is increasing, according to ADX & RSI.
Conclusion: The REV token price continues to rise with bullish momentum and is currently in an uptrend. Investors interested in investing should wait for the coin price to close above $0.021 or until it returns to the 20-day EMA.
Support – $0.016 and $0.0010
Resistance – $0.026 and $0.033