Ravencoin—an open-source platform that helps crowdfunding, allows customers to create and commerce real-world belongings on a community. RVN coin is a mineable asset of the market and is at the moment buying and selling at $0.0142 with a unfavorable bias towards the US Greenback.
Ravencoin experiences an enormous sell-off because it drops beneath 5-month excessive marked at $0.027 on the every day chart. The foreign money has been repeatedly dropping for the reason that 2nd week of the earlier month and drawing a bearish crossover beneath $0.015.
Ravencoin Worth Evaluation
RVN/USD Chart By TradingView
Ravencoin, on the time of penning down this evaluation, was buying and selling at $0.0142, and with an enormous sell-off over the previous 4-5 weeks, it’s breaching the decrease band. With a gradual decline beneath $0.020 worth space, the coin misplaced help from MA50 & MA200. After recording the YTD low in the course of the main market crash in March, it drew an uptrend till it became an enormous consolidation for roughly three months inside a particular worth vary of $0.017 to $0.025.
Nevertheless, the RVN coin is but to regain the peak attained on the onset of the 12 months above $0.040. Ravencoin is without doubt one of the profitable platforms amongst the highest 100 cryptos of the market however is missing intraday momentum at current. The MACD line intersects with the sign line to attract a bearish sentiment on the every day chart, and equally, the RSI is seen sliding beneath the main help space at 30 and at the moment lies at 28.95.