- Ravencoin price is currently seeing a strong upside momentum and can soon see a new high. It has seen a gain of more than 2.4% in the past 24 hours
- Technical indicators of the RVN price suggests a strong upside momentum in price, Meanwhile, RVN/BTC pair is looking to cross above its resistance.
Why To Invest In RVN Crypto?
RVN crypto price is currently seeing a correction in price after a major fall down and can soon attain the higher levels. Raven Coin price has crossed the threshold of $0.1 and is looking to breakout for a new high. The ROI of Ravencoin is more than 100% which has been profitable for the investors . It is a digital peer-to-peer platform which seeks to implement a specific blockchain, which is designed to efficiently handle one role and that is to transfer the asset from one point to another without any hindrance. The mainent was launched in 2015 and it is a bitcoin hard fork . They are aiming to solve the problems of asset transfer on the blockchain and trading. RVN price is currently looking to cross above the major threshold for a new high. One can invest in RVN as per their needs and risk adversity.
RVN coin CMC ranking and market cap is seeing a comeback and can soon cross above the previous level. Raven Coin volume has also seen a surge in the past few weeks The volume to market capitalization ratio of Raven Coin hints towards a strong bull trend for the future . One can invest in RVN as per their needs and risk adversity
Technical Indicators Of RVN Crypto Price Suggests An Uptrend
The weekly technical chart of the RVN coin suggests a strong upside momentum in price and can soon see a new high. On coming to the daily chart the asset price is consolidating but can soon see a major breakout. The upside trend of RVN might face a resistance while going upwards near $0.2. Meanwhile on going downside one can see a bounceback from $0.08. The price is currently trading below the 50 and above the 100 MA. The 100MA line of the RVN is near $0.093 making a temporary bounceback region. If the coin price jumps above $0.125, then a strong upside trend can be seen in future. RVN/BTC pair might also see a strong upside momentum in price for the future
Conclusion
RVN coin price is currently observing a consolidated momentum but can soon revert to a new high. RVN/BTC pair can also jump above the previous resistance in future.
Technical Levels
Major Support:$0.09
Major Resistance:$0.25