🔍 Technical Analysis for Pair $RVN /USDT (15-Minute Chart)

📊 Current Overview:

Price: $0.01513

+2.51% Increase

Moving Average (7): $0.01442

Moving Average (25): $0.01402

Moving Average (99): $0.01354

👉 Upward momentum is increasing with the short-term moving averages crossing above the longer-term moving averages.

🚀 Price Action Insights:

A sharp rise to $0.032 occurred on June 5 - likely due to liquidity shortages or a pump and dump scenario.

Subsequently, the price stabilized sideways and formed a base.

Now we are witnessing renewed strength with the potential to break local resistance.

🔥 Bullish Signals:

The moving average (7) > moving average (25) > moving average (99) - a classic bullish crossover pattern.

If the price surpasses $0.01600, we may target a range between $0.01800 and $0.02000.

Confirmation of trading volume is key - any breakout without strong trading volume may be misleading.

⚔️ Support and Resistance Levels:

Support: $0.01400 (Moving Average 25)

Major Support: $0.01350 (Moving Average 99 + Previous Pivot Level)

Resistance: $0.01600 ← $0.01840 ← $0.02020 (Previous High Area)

🎯 Trading Plan:

If you are already a long-term trader, consider placing a stop-loss order below $0.01400.

Confirmed close above $0.01600