Analysis of $RVV: Strong recovery trend, positive bullish signals

In recent trading sessions, $RVV has recorded a significant bounce from the bottom, accompanied by a noticeable increase in trading volume, indicating that buying pressure is returning to the market. Notably, the "higher-low" pattern is forming, signaling the potential to continue the upward trend if momentum is maintained.

💸 Buy Zone

Investors may consider buying in the price range: 0.00680 – 0.00740, this is a strong technical support area where selling pressure has decreased and buying pressure has increased.

🎯 Targets

Expected price targets based on technical analysis are as follows:

• T1: 0.00790 – the first short-term profit-taking point.

• T2: 0.00855 – medium-term target, expecting further upward momentum.

• T3: 0.00925 – long-term target if the strong upward trend is maintained.

⛔ Stop-Loss

To manage risk, investors should set the SL at 0.00620, in case the price breaks through the important support area and the upward trend is no longer sustainable.

📊 Summary

$RVV is showing positive recovery signs and the potential for continued growth if buying pressure is maintained. Buying in a reasonable price range and managing risk with a proper Stop-Loss will help investors safely take advantage of the price increase opportunity.