$RVN /USDT Technical Analysis
📊 Overall Overview:
Current Price: $0.01461 (+11.61% over the month)
Minimum: $0.00895
Maximum: $0.06097
Volume: Actively increasing, the last green candle with a large body and high volume indicates buying activity.
🧮 Moving Averages (MA):
MA(7): 0.01427 (yellow)
MA(25): 0.01964 (pink)
The price is below MA(25), but breaks above MA(7) — this could be an early signal of a possible upward reversal.
📈 Indicators:
1. MACD:
DIF: -0.00480
DEA: -0.00458
MACD histogram: -0.00022 (close to 0)
The histogram is narrowing and approaching zero — a bullish crossover is possible, a signal to buy.
2. Stochastic (K/D/J):
K: 13.51
D: 13.42
J: 13.69
Values around 13 — oversold zone, a bounce is possible.
3. OBV (On-Balance Volume):
OBV: 18.68 billion — the indicator has started to rise, confirming the influx of volume towards buyers.
📉 Historical Behavior:$RVN
There have been periods of consolidation with short candle bodies and low volume.
A long green candle has now appeared, breaking local resistance levels — potential breakout upwards.
🧭 Conclusion:
🔼 Bullish Signals:
Increase in volume and price.
MACD is close to a bullish crossover.
Breaking MA(7) upwards.
RSI/Stochastic — in the reversal zone (oversold).
🔽 Risks:
The price is still below MA(25) — long-term resistance.
MACD is still in the negative zone.
Profit-taking is possible after a sharp rise.
📌 Possible Actions:
Trader: Look into a short-term long position with a tight stop-loss below $0.013.
Investor: Start partial purchases upon confirmation of further growth and breaking MA(25).
