Ravencoin (RVN) Falls 0.09%, Underperforms the Crypto Market Saturday

Saturday, January 08, 2022 11:09 AM | InvestorsObserver Analysts

Ravencoin (RVN) has been relatively less volatile compared to the crypto market. So far Saturday, the Distributed Software Platform has fallen 8.94% to $0.1023032979.

InvestorsObserver is giving Ravencoin a 20 Volatility Rank. Find out what this means to you and get the rest of the rankings on Ravencoin!

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Low Volatility

InvestorsObserver gives Ravencoin a low volatility rank of 20, placing it in the bottom 20% of cryptos on the market.

The Volatility Gauge analyzes this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. RVN's low volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

Ravencoin price is favorably positioned going forward. With support at $0.0923114810425369 and resistance set at $0.110885271831187. 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.