Ravencoin has recently seen a rise in price, with the coin reaching $0.50 USD on September 27th. With the recent surge of interest in cryptocurrencies, it is likely that Ravencoin will continue to see an increase in price for the foreseeable future.
The ravencoin price prediction 2025 is a question that has been asked by many people. The price of Ravencoin will be at $0.50 soon, and the market cap will hit $1 billion in 2021.
- The range of bullish RVN price predictions is $0.084 to $0.222.
- It’s possible that the RVN price may rise to $0.50.
- For 2021, the RVN negative market price forecast is $0.049.
We utilize data, price trends, ADX, and other information about RVN to evaluate the cryptocurrency’s future movement in RVN price forecast 2021.
Ravencoin is an open source fork of bitcoin that was created in 2018 with the goal of making asset transfers easier. On the Ravencoin system, users may generate assets that do not meet the platform’s regulations.
Ravencoin is one cryptocurrency that is attempting, although with difficulty, to bring blockchain and Bitcoin’s initial goal of decentralization to fruition. Ravencoin’s primary advantage is that it can be mined on a regular computer.
Ravencoin’s Current Market Situation (RVN)
Ravencoin’s price is $0.060, according to Coingecko, with a 24-hour trading volume of $45,964,472 at the time of writing. In the past 24 hours, however, RVN has fallen to 3.97 percent.
Furthermore, there are 9,296,585,000 RVN coins in circulation. RVN is currently traded on Binance, Tokocrypto, OKEx, Huobi Global, and Upbit, among other cryptocurrency exchanges.
Price Prediction for Ravencoin (RVN) in 2021
Ravencoin (RVN) is currently ranked 106th on CoinGecko. The price of RVN in 2021 is forecasted using a daily time period, as shown below.
Higher High and Higher Low Pattern in RVN/USDT (Source: Tradingview)
An uptrend occurs when the peaks and troughs on a chart rise. Higher highs and lower lows characterize the rise in prices. Prices that were regarded as highs in the preceding era are now much higher than they were before the uptrend started.
Not only do the highs end up being greater, but the preceding period’s lows acquire value and end up being higher as well. This tells a trader that prices are increasing and the total value is growing, signaling that it’s time to sell and profit before the downturn begins.
RVN is currently trading at $0.060. RVN may then continue to decline in line with the higher high and higher low trend. RVN may soon hit the resistance level of $0.24 as a result of this trend. If the trend continues, the price of RVN may drop below $0.040.
Support and Resistance Levels for Ravencoin (RVN)
The chart below depicts Ravencoin’s support and resistance levels (RVN).
Support and Resistance Levels for RVN/USDT (Source: Tradingview)
The following are the resistance and support levels of RVN, as shown in the preceding chart.
- $0.084 is the first level of resistance.
- $0.127 is the second level of resistance.
- $0.222 is the third level of resistance.
- Level 1 Support – $0.049
- Level 2 Support – $0.027
- Level 3 Support – $0.017
The graph shows RVN’s positive performance over the preceding month. However, this trend will eventually hit the $0.24 resistance level. If the trend were to reverse, RVN might fall below $0.040, indicating a bearish indication.
Average Directional Index for Ravecoin (RVN) (ADX)
Let’s take a look at the Average Directional Index for RVN (ADX). The ADX, in particular, aids traders in assessing the strength of a trend as opposed to its direction. It may also be used to see whether the market is shifting or if a new trend is forming. However, it is connected to the Directional Movement Index (DMI).
The oscillator also has a range of 0 to 100. Furthermore, a high number indicates a strong trend, while a low value indicates a weak trend. It’s also often used in conjunction with directional indicators.
The ADX of RVN is seen in the chart above, with a range of 11.61, indicating a strong trend. In addition, the price chart shows an upward crossing.
The RVN is a cryptocurrency that is ideal for long-term investment. In addition, the RVN price forecast is positive in the near term. This year, it has a decent probability of hitting $0.24. This, however, will only happen if a number of prior psychological obstacles are overcome.
Furthermore, with the advances and enhancements to the RVN ecosystem, RVN’s performance is expected to increase to $0.24 in the near future. However, if investors think RVN is a solid investment in 2021, it might reach $0.50.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
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The ravencoin price prediction today is a question that many people have been asking themselves. Will the price of Ravencoin hit $0.50 soon?
Frequently Asked Questions
Will Ravencoin go up in 2021?
Ravencoin has a very low market cap, which means that it is not likely to go up in the near future.
Is Rvn a good investment 2021?
I am not a financial advisor and cannot give you investment advice.
Is Rvn worth mining?
Rvn is worth mining.
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