🕐 $RVN /USDT Technical Analysis (1H Chart)

💵 Current Price: $0.01584 (–1.19%)
📊 Moving Averages:

MA(7): $0.01571

MA(25): $0.01463

MA(99): $0.01385

✅ Price is trading above all major MAs — bullish structure short term.

⚡ Mini Bull Flag After Major Spike

On June 5th, RVN printed a massive wick above $0.028 — clear liquidity hunt or algo-driven pump.

After heavy selling, price stabilized above $0.0138 and has since formed a gradual ascending channel — classic bull flag formation on lower timeframes.

🔍 Technical Snapshot:

Consolidation looks healthy, with higher lows building toward a potential breakout.

MA(7) and MA(25) are tightly aligned and rising.

No major resistance until $0.017–0.018 zone if current breakout holds.

🧱 Key Levels:

Support: $0.01520 → $0.01460 → $0.01385 (MA99)

Resistance: $0.01620 → $0.01700 → $0.01830

🎯 Scalp Strategy:

Break above $0.0162 with volume = quick move toward $0.017+ likely.

Stop-loss for tight scalpers: just under $0.01520

Bullish structure holds as long as price stays above $0.0146

⚠️ DYOR – Do Your Own Research.

This is not financial advice. Markets can be volatile — always trade responsibly!