- Ravencoin price action is fighting with SMA-21 on Sunday’s trading session
- The 24-hour volume in RVN is at $347,841,705 with an 187.97% increase
- The RVN/BTC pair was trading at 0.000003559 BTC with a loss of 1.98%
The 4-hour technical chart of Ravencoin price action forecasts a positive trend. According to pivot points, RVN’s critical support level is placed at $0.1300. Whereas if it moves up, the key resistance level to watch is $0.2290. While diving into the weekly chart of a 4-hour time-frame, it completes a shooting star candlestick pattern representing bullish reversal with medium reliability.
SMA-21 & 50 acts as another strong support in the coin. SMA-21 (purple) is above the SMA-50 (white), which projects a bullish trend. The price is also fighting to sustain above the SMA-21 and the price will also follow the positive direction.
RSI indicator (BULLISH), with a value of 58.17, indicates a buy signal in the coin. Moreover, Investors can see a flat slope in the index, and it may soar in future trading sessions.
The volume of (84.883M) represents a low volume which is below the Volume MA (356.115M) of 20-days. High buying pressure is required in RVN to drive its price to higher levels.
Ravencoin Price Action Projects positive Movement
Ravencoin price traded at $0.2008 with a gain of 0.66% in the last 24-hour and 10.0% down in the weekly time-frame. Furthermore, RVN is struggling to sustain above the SMA-21. In contrast, the market capitalization stands at $1.69 billion. Technically, investors can perceive a positive crossover in SMA, and the price is above all the SMA. RSI index showcases a flat slope. Moreover, the price movement can be towards the resistance of $0.2290 in future trading sessions.
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