RAVENCOIN Price Prediction Today: Daily (RVN) Value Forecast – June 28


  • The short and medium-term outlook is in a bearish trend.
  • Traders may look to sell at key areas.

RVN/USD Medium-term Trend: Bearish

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

RVNUSD is in a bearish trend in the medium-term outlook. The lower demand area of the range at $0.06000 was broken on 26th June. Price dropped initially to $0.05580 in the demand area. Increased momentum by the bears with more sellers taken position dropped the coin further down to $0.04930 as the low before the close of the day.

The bulls had a brief control as the market opened yesterday at $0.06000. Price was briefly up at $0.06395 before the fall to $0.05088 in the demand area by the bears.

The bears sustained the momentum as at today session and price down to $0.05119, it suggests a further drop is imminent as confirmed by the signal of the stochastic oscillator at 27%. $0.04890 in the demand area is up for retest in the medium-term.

RVN/USD Short-term Trend: Bearish

The rejection at the trendline returned the bears at $0.06343 during yesterday session. $0.05075 in the demand area has been the low since 26th June. The market opened below the trendline yesterday and today, an indication of bears dominance in the market.

A minor push to the upside may occur before the bounce to the downside as the momentum to the downside increased with price below the two EMAs.

$0.05000 in the demand area may be retested in the short-term.

Live Ravencoin (RVN) Price:

1 RVN/USD =$0.1647 change ~ -0.32%

Coin Market Cap

$1.36 Billion

24 Hour Volume

$61.56 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.

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