$RVN /USDT TECHNICAL ANALYSIS: BULLISH MOMENTUM FACES SHORT-TERM RESISTANCE NEAR $0.024
The $RVN /USDT pair has shown impressive bullish momentum recently, with a 24-hour gain of +8.37%, pushing the price to $0.02124 at the time of analysis. Over the past 7 days, the price has surged by over 93%, indicating a strong short-term rally.
š Technical Highlights:
24H High: $0.02393
24H Low: $0.01911
Current Price Range (1H Chart): Consolidation between $0.02000 ā $0.02400
Volume Spike: 2.02B RVN traded, equivalent to $42.98M USDT, reflecting strong market interest.
š Chart Pattern & Indicators (1H Timeframe):
Bullish Continuation Flag: The price structure is forming a potential bullish flag/pennant on lower timeframes.
Short-Term Resistance: Strong selling pressure near $0.02400, which aligns with the recent high.
Support Levels: Immediate support at $0.02100, followed by stronger support at $0.01950.
š® Outlook:
Bullish Scenario: A breakout above $0.02400 could open the path toward $0.02650ā$0.02800.
Bearish Pullback: Failure to hold above $0.02100 may result in a retest of the $0.01900ā$0.01850 support zone.
ā Summary:
RVN is showing strong recovery signs, but traders should watch closely for a confirmed breakout above $0.02400 or a breakdown below $0.02100. High volatility remains, making it suitable for short-term swing opportunities.
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