Ravencoin (RVN) Falls 0.04%, Outperforms the Crypto Market Tuesday

Tuesday, September 13, 2022 10:03 AM | InvestorsObserver Analysts

Ravencoin (RVN) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the Distributed Software Platform has fallen 3.76% to $0.06206567069.

InvestorsObserver is giving Ravencoin a 61 Volatility Rank. Find out what this means to you and get the rest of the rankings on Ravencoin!

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Moderately Volatile

InvestorsObserver gives Ravencoin a moderate volatility rank of 61, placing it in the top 39% of cryptos on the market.

The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. RVN's moderate volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Ravencoin price is well positioned going forward. With support at $0.0493226911572255 and resistance at $0.0717716518489159. This positions Ravencoin with room to run before facing selling pressures.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.