Ravencoin (RVNUSD) Soars as Bullish Sentiment Hits New Heights

Ravencoin (RVNUSD) Price Forecast: June 9

The Ravecoin market soars higher as bullish sentiment hits new heights. The coin price shows a remarkable recovery, reaching a high of $0.0164. Thus, if the coin closes above the $0.0159 price level, the accelerated buying pressure may increase the coin price to hit the $0.0257 upper resistance level, resulting in an intraday gain and regaining investors’ attention amid the increasing bullish move.

Key Levels:
Resistance Levels: $0.0165, $0.0166, $0.0167
Support Levels: $0.0092, $0.0091, $0.0090

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

Ravecoin market price returns on recovery momentum as bullish sentiment hits a new height in its long-term outlook.
The bulls are trying to push the coin higher and avoid a fall this time around. Further, the coin prices are traded firmly above the EMA-50, confirming a bullish trend.

The coin has been having a series of moves by the bulls, making it convenient for the crypto price to remain firm in an uptrend.

Today’s daily bullish candle at the $0.0164 supply value above the moving averages confirms the bulls’ dominance in the market.

However, as the RVNUSD price soars, the bullish sentiment may reach a new height at the $0.0159 supply mark if the bulls could add more effort to the buying forces in the market.

Additionally, Ravencoin price indicates an upward momentum on the daily signal. In light of this, the pair will continue to soar and the bullish sentiment may surge to a new height at the $0.0257 upper resistance trend mark in its long-term outlook.

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

The crypto is also soaring higher and the bullish sentiment may hit the upper resistance level soon in its medium-term view.
Despite the minor moves by the short traders, the RVNUSD price remains in an uptrend. The price currently trades above the EMA, confirming its bullishness.

The coin price remains above the supply levels in its recent high due to an increasing order flow by the bulls.

Earlier today, the coin buyers caused a rise in the price of Ravencoin to a high of $0.0164 level above the moving average.

This current trend will enable the coin price to soar higher and hit a new key psychological level at the upsides, creating an area of interest for coin buyers.

Additionally, with the price pointing upwards on the daily stochastic, the RVNUSD bullish sentiment may continue and this could soar to a new height at the $0.0245 upper resistance level soon in its medium-term outlook.

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