At the time of writing RVN is being traded at the price of $0.01014. The price of RVN has increased by almost 2.63% in the past 24 hours. The maximum and minimum of the day are around $0.01031 and $0.009738. The daily trading volume has also decreased by almost 16.56% in one day. RVN is listed on coinmarketcap at the 100th spot according to market capital and has a market dominance of about 0.04%.
RVN before the crash had achieved its all-time high around the price of $0.29293 in February 2021. During the crash, RVN created a bottom and dropped down to $0.04050. Just like many other coins, the coin showed reversal but it wasn’t strong enough and now is nearly at the bottom again and has nearly retraced back to the position which it had during the month of August.
RVN has a total supply of around 85B tokens and has the same amount of coins in circulation i.e. 85B. RVN can be traded at a lot of different exchanges such as KuCoin, HitBTC, Coinsbit, and BitMart.
Technical Analysis – REVAIN
The chart for RVH is one of the cleanest charts. The price a few weeks ago was following a trend line. It was providing its support and it had bounced there a lot of times. Ultimately the price broke down and reversed the structure. Now the price had been printing red candles.
A point to notice is the order block that is present below. The price was slowly dropping and soon printed a big wick which mitigated the order block. Now on the lower time frame, the price is consolidating. We can expect the price to wick down and mitigate the 50% of the wick down. From there we can expect the price to show a parabolic move upwards.
Of course, the price can show a reversal from this point as well, without mitigating the lower value as well. So LTF confluence should be taken into consideration.
Price Prediction – REVAIN (RVN)
RVN(RVN) has been one of the highly bullish coins in the market. According to wallet investor, RVN in one year is expected to reach a value of $0.164. In five years, it is expected to touch $0.464. This shows that RVN has a huge amount of potential in it and would give an amazing return to the people who would hold it.
