Ravencoin Price Prediction 2022 – Will RVN Hit $0.3 Soon?
- Bullish RVN price prediction is $0.06220 to $0.20520
- The RVN price will also reach $0.3 soon.
- RVN’s bearish market price prediction for 2022 is $0.04745
In Ravencoin’s (RVN) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about RVN to analyze the future movement of the cryptocurrency.
Ravencoin Current Market Status
According to CoinGecko, the price of RVN is $0.060789 with a 24-hour trading volume of $23,794,041 at the time of writing. However, RVN has decreased 3.5% in the last 24 hours.
Moreover, RVN has a circulating supply of 10,473,290,000RVN. Currently, RVN trades in cryptocurrency exchanges such as Binance, OKX, Bybit, DigiFinex, and KuCoin.
What is Ravencoin (RVN)?
Ravencoin is the digital peer-to-peer (P2P) network that aims to implement a use case-specific blockchain designed to efficiently handle the transfer of assets from one party to another. Ravencoin aims to solve the problem of assets transfer and trading over the blockchain. It is protected by the power of decentralization and mathematics. It uses a proof of work mining algorithm called KAWPOW which replaced X16R and X16RV2.
Ravencoin (RVN) Price Prediction 2022
Ravencoin holds the 132nd position on CoinGecko right now. RVN price prediction 2022 is explained below with a daily time frame.
A Descending Channel pattern is a short-time bearish pattern in which stock moves lower within a trend, but they often form within longer-term uptrends as continuation patterns. It is often followed by higher prices, but this happens only after an upside penetration of the upper trend line.
A descending channel pattern is drawn by lower highs and lower lows of a security’s price with parallel trendlines to show the downward trend. Within a descending channel pattern, a trader could make a selling bet when the security price reaches the resistance trendline.
Currently, RVN is in the range of $0.060789. If the pattern continues, the price of RVN might reach the resistance level of $0.06381, & $0.08057. If the trend reverses, then the price of RVN might fall to the support level at $0.05300.
Ravencoin (RVN) Support and Resistance Level
The below chart shows the support and resistance level of RVN.
From the above daily time frame, it is clear the following are the resistance and support levels of RVN.
| Resistance Level 1 | $0.06220 |
| Resistance Level 2 | $0.08181 |
| Resistance Level 3 | $0.10794 |
| Resistance Level 4 | $0.14929 |
| Resistance Level 5 | $0.20520 |
| Support Level 1 | $0.04745 |
The charts show that RVN has performed a bullish trend over the past month. If this trend continues, RVN might run along with the bulls overtaking its resistance level at $0.2050.
Accordingly, if the investors turn against the crypto, the price of the RVN might plummet to almost $0.04745, a bearish signal.
Ravencoin Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of RVN is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of RVN lies below the cutoff line, indicating weaker participants in the current trend.
More so, the RVN’s Moving Average (MA) is shown in the chart above. Currently, RVN is in a bearish state. Notably, the RVN price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of RVN at any time.
Meanwhile, the relative strength index (RSI) of the RVN is at level 53.72. This means that RVN is in a neither oversold nor overbought state. However, this means a major price reversal of RVN may occur in the upcoming days. So, traders need to trade carefully.
Ravencoin Price Prediction 2022 — ADX, RVI
Let us now look at Ravencoin’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Ravencoin. Currently, RVN lies in the range of 29.93294, so it indicates a strong trend.
From the above chart, the Relative Volatility Index (RVI) of RVN. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of RVN lies below the 50 levels, indicating that the direction of volatility is low. In fact, RVN’s RSI is at a 53.72 level thus confirming a potential sell signal.
Comparison of RVN with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Ravencoin.
From the above chart, we can identify the trend of the ETH, BTC, and RVN is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and RVN also increases or decreases respectively.
Conclusion
With continuous improvements in the Ravencoin network, we can say that 2022 is a good year for RVN. For this reason, the bullish price prediction of Ravencoin in 2022 is $0.20520 On the other hand, the bearish RVN price prediction for 2022 is $0.04745.
Furthermore, with the advancements and upgrades on the RVN ecosystem, the performance of RVN would help to reach above its current all-time high (ATH) $0.285218 very soon. But, it might also reach $0.3 if the investors believe that RVN is a good investment in 2022.
FAQ
Ravencoin (RVN) is an Ethereum token that powers the Ravencoin protocol, an automated market maker that lets anyone create or add liquidity to trading pools while earning customizable trading fees.
RVN has been listed on many crypto exchanges which include Binance, OKX, Bybit, DigiFinex, and KuCoin.
With the ongoing developments and upgrades within the RVN platform, it has a high possibility of reaching its ATH soon.
On Feb 20, 2021, RVN reached its new all-time high (ATH) of $0.285218.
Ravencoin (RVN) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of RVN in the past few months, RVN is considered a good investment in 2022.
Ravencoin (RVN) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Ravencoin (RVN) will hit $0.3 soon.
Ravencoin (RVN) price is expected to reach $0.48 by 2023.
Ravencoin (RVN) price is expected to reach $0.51 by 2024.
Ravencoin (RVN) price is expected to reach $0.67 by 2025.
Ravencoin (RVN) price is expected to reach $0.75 by 2026.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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