Ravencoin is a digital peer-to-peer (P2P) network that aims to implement a use case specific blockchain, designed to efficiently handle one specific function: the transfer of assets from one party to another.
The live RVN token price today is $0.128 with an intraday trading volume of $494,915,980.74. The coin price is up by 11.51% in the last 24 hours. With a live market cap of $1.33 Billion, the coin ranks in the top 15 largest Proof-of-Work coins.
With the rise in demand on December 21st from the support level at $0.080, RVN coin price showcased a bullish rally. The price jumped more than 60% in the past two weeks. And, the 22% jump on January 4th resulted in the breakout of the resistance zone at $0.122 with a long bullish engulfing candlestick.
Let’s have a deepened insight into the technical analysis of RVN Token and see what the indicators have to say about it.