Revain is a public blockchain network that fosters transparency by allowing users to browse, rate, and review many brands. It uses AI technology to filter out low-quality reviews and reward top-quality reviews. It also audits the reviews for plagiarism and other criteria before publishing. REV is the native token of this ecosystem. Let us look at the technical analysis for REV.
<h2><b>Past Performance</b></h2>
On Jul 19, 2021, REV opened at $0.0069. On Jul 25, 2021, REV closed at $0.0064. Thus, <a href="https://www.cryptoknowmics.com/news/rev-technical-analysis-bullish-signal-strong-may-break-resistance-levels/">in the past week</a>, the REV price has decreased by roughly 7%. In the last 24 hours, REV has traded between $0.0064-$0.0065.

<img class="shrinkToFit" src="https://s3.tradingview.com/snapshots/j/JOR0q0Oa.png" alt="https://s3.tradingview.com/snapshots/j/JOR0q0Oa.png" width="1359" height="643" />

<a href="https://s3.tradingview.com/snapshots/j/JOR0q0Oa.png">https://s3.tradingview.com/snapshots/j/JOR0q0Oa.png</a>
<h2><b>Day-Ahead and Tomorrow</b></h2>
Currently, REV is trading at $0.0069. The price has increased from the day’s opening price of $0.0064. Thus, the market seems bullish.

The <strong>MACD and signal lines</strong> are turning positive. Moreover, a bullish crossover by the MACD line over the signal line has occurred. Thus, the overall market momentum is turning bullish. Hence, we can expect the price to rise further.

Currently, the <strong>RSI indicator</strong> is at 50%. It faced rejection at 45% and rose to the current level. Hence, buying pressures are mounting. High buying activity will exert upward pressure on the REV price.

Besides, the <strong>OBV indicator</strong> is upward sloping. Thus, buying volumes are higher than selling volumes. Hence, the price may increase further. In short, when we look at all three oscillators together, we can say that the overall market momentum is bullish.
<h2><b>REV Technical Analysis</b></h2>
Currently, the price is above the <strong>second Fibonacci pivot resistance level</strong> of $0.00648. The price may soon surpass the <strong>third Fibonacci pivot resistance level</strong> of $0.00651.

The price has tested and risen above the <strong>23.6% FIB retracement level</strong> of $0.00646. It may break out of the <strong>23.6% FIB extension level</strong> of $0.0065 as well. Thus, as of now, the bulls seem strong. Hence, we can expect the price uptrend to continue tomorrow as well.

REV Technical Analysis: Price Above the Second Fibonacci Pivot Resistance Level of $0.00648, Lookout for $0.00651

REV tested and risen above the 23.6% FIB retracement level of $0.00646. It may break out of the 23.6% FIB extension level of $0.0065 as well. Thus, as of now, the bulls seem strong. Hence, we can expect the price uptrend to continue tomorrow as well.

Ankita is reading geek by birth, she loves to read and write about finance and now cryptocurrencies and blockchain since 2017. A Bitcoin enthusiast ever since, she likes to understand businesses and how they affect everything else. Ankita contributes on our news bulletin with the latest happening in blockchain, crypto and ICO market specifically.

REV Technical Analysis: Price Above the Second Fibonacci Pivot Resistance Level of $0.00648, Lookout for $0.00651

Top Picks