Ravencoin (RVN): How Does it Rank Saturday on Long-Term Trading Metrics?

Saturday, September 17, 2022 11:39 AM | InvestorsObserver Analysts

Ravencoin receives a strong long-term technical score of 95 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, RVN holds a superior long-term technical analysis score than 95% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.

InvestorsObserver is giving Ravencoin a 95 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Ravencoin!

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Trading Analysis

RVN is currently $0.0162106 (52.20%) above its 100-day moving average price of $0.031052914 with its current price of $0.047263535. Meanwhile, Ravencoin is $0.0299801 (-63371.22%) above its 52-week low price of $0.017283455 and -$0.10231578 (-6653.82%) below its 52-week high of $0.149579316. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 95. Trends for the long-term trading history of Ravencoin suggest that traders are currently neutral on the coin. Ravencoin has a total market value of $495,004,707.90 with an average average daily volume of $233,483,810.06 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, RVN's volume is below its average with $165,978,081.90 exchanged in total. This coin's subclass Distributed Software Platform: A platform is a decentralized infrastructure designed for a purpose. These can take the form of exchanges for the trading of cryptocurrencies, decentralized data storage, artificial intelligence, virtual or augmented reality, distributed computing and big data collection, among other things.

Summary

Technical analysis of Ravencoin over the past year results in the crypto receiving a a strong long-term technical score of 95 as its price movement in that time has given traders reason to be neutral on the coin in the long-term. Click Here to get the full Report on Ravencoin (RVN).