Here is the updated analysis of the current situation with RVN (Ravencoin) and prospects for the next day:
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📊 Current Status
Price around $0.0219, with a slight decrease compared to the previous close.
Daily range: between ~$0.0205 and ~$0.0237.
Trading volume — high (over $300 million/day) with significant fluctuations due to the listing on the Korean exchange Upbit.
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🔥 Reasons for the recent spike
1. Listing on Upbit (June 6) — RVN added in the Korean KRW pair.
The price increased by +60…+70% in the first 24–48 hours, trading volumes surged to several hundred million dollars.
However, this is often a quick "pump & dump": after the initial rally, there was a “pullback” to ~$0.016–0.018.
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🛠 Technical analysis and next key levels
A golden cross is forming on the daily chart (50 MA crossing above 200 MA) — this is a technical signal of potential bullish momentum takeover.
Main support: $0.020 — has held for the last few days.
Resistance: approximately $0.024–0.025 — if broken, there could be additional buying.
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📅 Forecasts for the day
Likely movement within $0.0205–0.0235. If support holds — stabilization or growth is expected.
Continuation of the trend may trigger a test of the level ~$0.025.