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Revain Price Analysis: REV Coin Takes Support Surges 25% Within a Week

  • The Revain coin price is positive, around 14.8% during intraday.
  • The 24-hour trading volume is at $3.701 million.
  • REV/BTC pair is trading positive by 10.1% at 0.00000038 BTC.

Revain’s daily technical chart and price trend show an uptrend. Based on the pivot point, the support zone is 0.00750 USDT. Another way to look at it is that if you rush, the resistance level to watch is 0.02975 USDT. Therefore, the chart created a bullish engulfing candlestick pattern during the day, and the cost is confident that it will remain upside with unwavering high strength.

The Exponential Moving Average (EMA) band, consisting of several EMAs, strongly supports currency price fluctuations. Investors may find that costs are above the green band. This guarantees a surge in Revain until it is above the ribbon.

Trading volume (352.841 K) is above the 20-day moving average (240.815 K). The volume is high, so the cost is around the pivot point. Investors may also notice that the volume bar on the chart becomes huge. This indicates that unusual volatility is common on the following trading days.

The CCI indicator gave a signal (bullish) with 166, projecting a purchase signal in the currency. Investors can observe an inclined slope from -70 to 166. It can arise in future trading sessions.

Long-Term Perspective of Revain Coin Price Trend

The weekly technical chart and price trend of Revain coin show a bullish trend. Based on the pivot levels, the support zone is 0.01040 USDT. On the upside, if it breaks, the level of resistance to search is $0.05850. In addition, the chart shows the Heikin Ashi candles, which have huge upside potential in asset price movements.

Today Revain is priced at $0.02138772 and has a 24-hour trading volume of $3,668,102. REV prices have risen 13.0% in the last 24 hours. The circulation volume is 480 million REV coins, and the total circulation is 60.6 billion. The CCI points to a buying signal, and the traders have prompted high volume. In fact, the cost moves around the pivot levels. Likewise, the general market outlook is that this pattern will continue to rise over the next few trading days.

Resistance Level: $0.02975 & $0.05850

Support Level: $0.00750 & $0.05850 

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Nikhil Ingole: Mr, Nikhil Ingole is a Chief Editor at The Market periodical with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.