Revain (REV) Price Upsurges in Last 24 Hours
- Revain uses AI technologies and a manual review mechanism.
- The 4-hour chart shows a bullish breakout of the long-term resistance trendline.
Revain is an online review platform for Ethereum blockchain-based tokens intended to help creators improve their projects. The guideline encourages writers to write excellent reviews.
First to integrate conventional review sites with blockchain technology, Revain. With new technologies like machine intelligence and blockchain, Revain’s ultimate aim is to establish a good and authentic feedback system for all worldwide goods.
Revain uses AI technologies and a manual review mechanism to guarantee high-quality reviews. Revain was founded in 2018 by a group of Russian IT professionals.
The daily technical chart of the REV coin displays a bullish engulfing candlestick formation. The bullish mood is increasing, culminating in a breach of the short-term downtrend.
Strong Bullish Momentum
Intraday volume increase over the 20-day MA suggests increasing buying pressure. In a bullish alignment, the daily EMAs increase, indicating a rally.
REV Tokens are worth $0.00189. That’s a +25.20 percent gain in the past 48 hours. Moreover, this indicates a bullish trend.
The 4-hour chart shows a bullish breakout of the long-term resistance trendline. Investors may view the price-action drop to trendline as a low-risk entry point.
Price movement indicates demand levels of $0.0175 and $0.0160. To extend the bullish trend from either support level, bulls may face resistance around $0.0195 to $0.0220.
The 4-hour EMAs are stronger, with a high probability of a golden cross owing to the price increase with a positive slope. A bullish move may keep prices stable. The chart’s inclination volume also points to a strong bull run.
The parabolic SAR shows the bulls are still battling the bears. Furthermore, on a smaller period, the bulls have surpassed trend control. Moreover, the RSI indicator shows a massive bullish rise. According to CoinMarketCap, Revain’s price today is $0.018719 USD with a 24-hour trading volume of $2,531,331 USD.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
