RAVENCOIN Price Prediction Today: Daily (RVN) Value Forecast – July 5


  • The short and medium-term outlook is in a range-bound market.
  • Traders should be patient at this period.

RVN/USD Medium-term Trend: Ranging

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

RVNUSD is in a range-bound market in the medium-term outlook. The bulls had brief control as the market opened yesterday with a push of the coin initially to $0.05855 and late to $0.05927 within the range. The momentum was lost as the candle closed an inverted hammer signaling the bears' takeover.

The bears were in control till the end of the yesterday session as price drops to $0.05470. Today’s session had a brief bears’ dominance before exhaustion sets in as dented by the 4-hour opening candle at $0.05179. Price was up at $0.05416. The direction is undefined as indicated by the signal of the stochastic oscillator that is parallel at 29%.

$0.06000 is the upper supply area while $0.04800 is the lower demand area of the range. Patience should be exercised for a breakout at the upper area or a break down at the lower area with a retest before a position is taken.

RVN/USD Short-term Trend: Ranging

The bears temporally took control as the market opened today at $0.05342 with the break at the support of the two EMAs. Price dropped initially to $0.05065 and later to $0.05022 before momentum loss.

The bulls returned with the break at the resistance at the 10-EMA and price rose to $0.054055 within the range. The stochastic oscillator signal points up at 23%, it suggests downward momentum in price as bulls target the upper price range in the short-term.

RVNUSD is in consolidation and trading between $0.55000 in the upper supply area and at $0.05000 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position is taken.

Live Ravencoin (RVN) Price:

1 RVN/USD =$0.0263 change ~ 0.76%

Coin Market Cap

$325.41 Million

24 Hour Volume

$5.55 Million

24 Hour VWAP

$0

24 Hour Change

$0.00

 

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

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