RAVENCOIN Price Prediction Today: Daily (RVN) Value Forecast – July 1

  • The short and medium-term outlook is in a downtrend.
  • Responsible selling with bearish reversal candles may be considered.

RVN/USD Medium-term Trend: Bearish

Supply zone: $0.07000, $0.08000, $0.09000
Demand zone: $0.01600, $0.01500, $0.014000

RVNUSD remains in a bearish trend in the medium-term outlook. The bulls had brief control of the market over the weekend with a push of the cryptocurrency to $0.06104 in the supply area. This was 61.8 fib a trend reversal hence the bears returned. $0.05112 in the demand area was the low before the end of yesterday session with the sign of bearish exhaustion denoted by wicks in the candle.

Today’s market opened on a bullish note at $0.05239 with an engulfing candle. RVNUSD shot up to $0.05752 in the supply area. This bullish retracement may be exhausted at the 50-EMA or the50.0 fib area. The strong resistance at the EMA may return the bears for downward continuation in the medium-term.

With increased bearish momentum, a retest of the previous low at $0.04930urther breakdown to the $0.0850 in the demand area with more candles opened and closed below the two EMAs.

RVN/USD Short-term Trend: Bearish

The bears took over the market shortly after yesterday opening at $0.06056. The break at the EMAs crossover was as a result of increased momentum with a drop to $0.05250. Exhaustion sets in at $0.05177 in the demand areas before the end of the session.

The bulls had a brief dominance as the market opens today at $0.05247 with coin up at $0.05750 and $0.05655 around the trendline area. The bears' pressure remained strong hence the drop in price to $0.05104 in the demand area.

With price below the two EMAs and the stochastic oscillator pointing down at 23%, it suggests downward momentum in price.

$0.05000 in the demand area remains a target for the bears as the journey down south continues in the short-term

Live Ravencoin (RVN) Price:

1 RVN/USD =$0.0264 change ~ 1.86%

Coin Market Cap

$326.59 Million

24 Hour Volume

$5.69 Million

24 Hour VWAP


24 Hour Change



The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide