Ravencoin

Momentum

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Ravencoin price prediction on the daily chart suggests the make-or-break condition inside a pattern.</a> </li> 
 <li> <span>2</span> <a>RVN crypto is trading below 20, 50, 100 and 200-days daily moving averages.</a> </li> 
 <li> <span>3</span> <a>If Ravencoin cryptocurrency breaks out of this declining pattern, then it may recover significantly according to analysts.&nbsp;</a> </li> 
</ul> 
<p>Ravencoin price prediction indicates that RVN crypto is in a make-or-break condition and if it breaks out, it will surge. RVN crypto has been declining through a descending triangle pattern and is currently at a crucial make-or-break condition. Analysts believe that if RVN crypto price registers its breakout, then it may surge with a strong upside trend. However, sellers may approach to pull RVN price below the lower trendline of the descending triangle pattern over the daily time frame chart.</p> 
<p>Ravencoin price was at $0.01787 and has gained 0.22% of its market capitalization intraday while trading volume declined by 23% in the session. This demonstrates that sellers are trying to accumulate to pull RVN below the lower trendline of the descending triangle pattern. Volume to market cap ratio was 1.76%.</p> 
<h2 class="wp-block-heading" id="strong-ravencoin-price-sustaining-momentum-or-facing-detainment-strong"><strong>Ravencoin Price: Sustaining Momentum or Facing Detainment?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/-yDXoANgH4gQhm3vV0X8ihE-4FmyYiN9UIyoTYA_Y2b3PT--UGPo_tBGwhgPa7-C8sIduh13sEhDH7vXogJQbbLqlu9xZ0e3lTqvhLAHtQybUCvhGp3Kb-yYZjiIYNW8ncoW9VhGS2ZMKZLrrp1A7g" alt="Ravencoin Price Prediction: Will RVN Breakout From This Pattern?"> 
  <figcaption class="wp-element-caption">
    Source: RVN/USD&nbsp; by <a href="https://www.tradingview.com/x/RkT7O9v3/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>Ravencoin price prediction showcases sustainability issues in the crypto at the lower trendline of the descending triangle pattern over the daily time frame chart. RVN crypto is caged inside the declining triangle pattern since July 2023. Now is the time to finally escape the declining pattern and initiate its recovery phase. However, volume change is below average and needs to grow during the day’s trading session.</p> 
<p>In recent developments, Ravencoin price has experienced a marginal 0.22% increase over the past week, yet it has encountered a decline of approximately 6.92% within the span of a month. Over the last three months, the RVN cryptocurrency has faced a setback of 12.90%, while its value has diminished by 37.32% over the preceding six months. Year to date, RVN has registered a decrease of around 3.56%.</p> 
<p>Technical indicators suggest the declining momentum of <a href="https://www.thecoinrepublic.com/2023/07/06/ravencoin-price-prediction-rvn-price-may-rally-above-its-barrier/" rel="noopener noreferrer nofollow">Ravencoin price.</a> Relative strength index (RSI) and moving average convergence divergence (MACD) shows the struggle of RVN crypto at the verge of descending triangle pattern.</p> 
<p>RSI was at 40 and was trying to avoid oversold territory. The MACD line is overlapping with the signal line waiting for any type of crossover. Investors in Ravencoin crypto need to wait for any directional change over the daily time frame chart.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>Ravencoin price prediction indicates that RVN crypto is at make-or-break condition and if it breaks out then RVN may surge high. Now is the time to finally escape the declining pattern and initiate its recovery phase. RVN crypto is caged inside the declining triangle pattern since July 2023. Over the last three months, the RVN cryptocurrency has faced a setback of 12.90%, while its value has diminished by 37.32% over the preceding six months. Technicals indicate a decline in momentum for Ravencoin cryptocurrency.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Technical Levels</strong></h5> 
<ul> 
 <li>Support Levels: $0.01765 and $0.01740</li> 
 <li>Resistance Levels: $0.01808 and $0.01850</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

Ravencoin Price Prediction: Will RVN Breakout From This Pattern?

Table of Contents

Thecoinrepublic.com

Other articles published on Aug 12, 2023

Bitcoin Price Forecast for Next Week: BTC Eyes $30K Volatility as Open Interest Nears 1-Year High

Shiba Inu Soars Past Strong Resistance, but Top Trader Advises for Caution on SHIB Because of Thi...

ETH Could Rise to $1,980 as Reports Show Trump Holds $250K in ETH

Senators and Lobbyists urge dismissal of the SEC lawsuit against Coinbase!

Voyager's Bankruptcy Leads to $5.47 Million Crypto Transfer to Coinbase

SCRATS Meme Coins Will Become One of the Most Famous Meme Coins

Join our free newsletter for daily crypto updates!