- REV Token price action indicates a bullish breakout of the long-coming pullback in the daily chart.
- The buying pressure increases near the 200-day EMA pushes the price higher.
- The pair REV/BTC is trading at 0.0000003955 BTC with an intraday gain of +0.74.
REV coin price action shows a continuous bullish engulfing candlesticks pattern on the daily technical chart. This is indicative of a rising in bullish sentiments resulting in the breakout of the short-term downtrend.
The growth in intraday volume that exceeds the 20-day volume MA indicates the rising buying pressure. Therefore, in a bullish alignment, the daily EMAs rise higher and indicate a bullish rally.
REV Token prices trade at $0.00189. That’s an increase of +25.20% within the last 48 hours. This suggests that the price is on a bull run.
REV Token’s Price In 4-Hour Chart
REV token prices rise in a bullish trend when the price crosses above the long-coming resistance trendline in the 4-hour chart. Thus, investors may consider the price-action dip to trendline as an attractive entry spot that carries minimal risk.
According to price action, the demand levels are $0.0175 and $0.0160, respectively. Thus, bulls may encounter resistance at $0.0195 to $0.0220 if they continue the bullish trend from either support level.
The EMAs for the 4-hour technical chart are more powerful, with a high chance of a golden cross due to the rise in price with a positive slope. This can keep prices steady during a bullish move. Additionally, the chart’s inclined volume indicates a strong bull run.
The parabolic SAR indicate that the bulls are yet to break above the bearish influence. However, in the shorter timeframe, the bulls have overtaken the trend control.
The RSI indicator indicates an extreme surge in bullish inclination.
The ADX Indicator indicates an increase in trend momentum.
Conclusion: The REV token’s price rose with the help of bullish exponential moving averages. Investors could face entry points close to the drops on the 20-period EMA. If the $0.020 mark is broken, the coin price could soon surpass $0.025
Support – $0.0175 and $0.0160
Resistance – $0.0195 and $0.0220