Ravencoin (RVNUSD) Price Is Gaining Bullish Momentum

Ravencoin (RVNUSD) Price Forecast: June 14

The Ravecoin (RVNUSD) price is gaining bullish momentum following a $4.2% surge in the last few days, as it trades at $0.0223 high, fueling market interest. The rising volumes, network activity, and optimism among investors have enabled the bullish trend to increase more. Therefore, if the bulls’ pressure breaks the resistance level of $0.0227, the coin price may increase further to a $0.0257 high trend line, retaining its upward strength, amid the increasing bullish move.

Key Levels:
Resistance Levels: $0.0225, $0.0226, $0.0227
Support Levels: $0.0104, $0.0103, $0.0102

RVN (USD) Long-term Trend: Bullish (Daily Chart)

Ravecoin market price returns with recovery momentum as bullish sentiment swings to a new height in its long-term outlook.
The coin market forms a bullish flag chart as it trades strongly above the supply mark due to high demand from the bulls. The prior statement is clear as prices are traded above the moving average line, indicating an uptrend.

However, the previous action at the $0.0213 high level has sustained the coin price to remain and trades strongly above the crucial point in its recent price level.

RVNUSD price is losing bearish momentum as it surges to a $0.0223 supply level above the moving averages as the daily chart begins today due to a bullish impact on the market price.

The token is gaining traction with a robust bullish trend. Thus, if the bulls breach the $0.0257 resistance, the new all-time high could reach the upper resistance level.

Additionally, Ravencoin price may continue to trade firmly above the supply mark, as suggested by the momentum indicator, pointing up.

As a result, the pair may reach the $0.0260 resistance level if it continues gaining bullish momentum above the supply trend lines in its higher time frame.

RVN (USD) Medium-term Trend: Bullish (4H Chart)

RVNUSD pair turns positive today. The price is also gaining bullish momentum and trades above the supply levels in its medium-term outlook.
The coin has been having an interference with the long traders making it possible for it to maintain the upward strength in its recent high.

The Ravencoin price rises to a $0.0221 supply level above the EMA-50 after the recent threat of increasing, enhancing the buy traders’ tendency to further ladder up the trend.

However, to push the price above the supply zone more buyers’ participation is a prerequisite.

Therefore, a bullish breakout from the current resistance at $0.0221 point could trigger the recovery pattern and drive the prices of RVNUSD higher to hit the $0.0257 supply value, reflecting growing confidence among investors in an uptrend market.

In addition, there is a possibility of a further increase in the price of Ravencoin if buy traders accelerate their price actions and all the current support level holds.

A psychological key level at the $0.0260 supply level might be reached soon as it continues to gain bullish momentum in its medium-term forecast.

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