📍 1. Current price performance
- Current price: $RVN
- $0.01534 (according to today's trades).
- Change in 24 hours:
- +14.5% to +17.3%, rising from a low of $0.01357 to a high of $0.01622.
- Monthly performance:
- +27.52% since the beginning of June, and +47.1% over the past week, reflecting strong bullish momentum.
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📈 2. Key technical indicators
- Moving averages (MA):
- Short term (50 days): at $0.0137, indicating strong support.
- Long term (200 days): at $0.0186, considered a potential resistance.
- Relative Strength Index (RSI):
- At 51.2 (neutral), with the potential to move towards overbought territory (>70) if the rise continues.
- Oscillators:
- Currently neutral, with a balance between selling and buying pressures.
- Standard indicators (Moving Averages):
- Slight buy signal due to the price breaking through short-term averages.
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⚖️ 3. Critical support and resistance levels
- Immediate support:
- $0.0135–0.014 (previous day's low).
- $0.0107 (strong support in the medium term).
- Immediate resistance:
- $0.0160–0.0163 (current day's peak).
- $0.019 (upward target if $0.0163 is broken).
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💰 4. Trading volume and liquidity
- 24h trading volume: $198–210 million, an increase of 42–120% from the previous day, supporting the continuation of bullish momentum.
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🔮 5. Short-term forecasts (24–48 hours)
- Bullish scenario:
- Breaking $0.0163 may push the price towards $0.018–0.019 (especially with continued high trading volume).
- Bearish scenario:
- A drop below $0.014 may lead to a correction towards $0.012, but the likelihood is low at the moment.
- Expert forecasts:
- 67% of technical signals indicate "Buy" or "Strong Buy" in the short term.
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⚠️ 6. Influencing factors and potential risks
- Organizational scene: Any new developments regarding digital asset laws (especially in the United States) may affect the price.
- Fear and Greed Index: at 62 (Moderate Greed), which may increase volatility.
- Market volatility: RVN is classified as a high volatility asset (8.61%), so risk management via stop-loss orders is advised.
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💎 Summary and recommendations
- Current trend: Strong bullish, supported by high trading volume and positive technical indicators.
- Recommendations:
- Day traders: Buy at the break of $0.0163, with a stop loss at $0.0145.
- Long-term investors: Watch for opportunities at support levels $0.012–0.013.
- Risk: Avoid large positions before major economic announcements.
