Vision of the RVN/USDT pair with data updated to June 2025:
🔍 Overview of Ravencoin (RVN)
Ravencoin is a Bitcoin fork designed to facilitate the creation and transfer of unique digital assets, such as real estate, tokenized stocks, or video game items. Its KAWPOW algorithm is ASIC-resistant, promoting more decentralized mining.
📈 Relevant Technical Data (June 2025)
- Current price: ~$0.02048
- Market capitalization: ~$287 million
- 24h volume: ~$383 million
- Strong support: $0.0155 – $0.0165
- Immediate resistance: $0.0205 – $0.0235
- Bullish target: $0.03 if it breaks with volume.
Technical indicators show:
- RSI: Between 50–60 → Moderate bullish bias
- MACD: Recent positive crossover
- Bollinger Bands: Narrowing → Consolidation prior to possible breakout.
🌐 Ecosystem Context
- Increase in the issuance of tokenized assets on the network.
- Renewed interest following the inclusion of RVN on Upbit Korea, which drove the price up by more than 80% in early June.
- Solid liquidity on exchanges like Gate and Binance, with tight margins.
Remember:
Cryptocurrency trading involves high risk. (DYOR)
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