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

Wednesday, June 29, 2022 06:27 PM | InvestorsObserver Analysts

Ravencoin receives a strong long-term technical score of 71 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. RVN currently holds a superior long-term technical analysis score than 71% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving Ravencoin a 71 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

Ravencoin's price is -$0.0170770 (-41.46%) below its 100-day moving average price of $0.041185258 as its price at the moment sits at $0.024108255. Additionally, RVN is $0.0068248 (-63505.20%) higher than its 52-week low price of $0.017283455 while -$0.15276735 (-5640.06%) under its 52-week high of $0.176875606. The current trading price in relation to its long-term average along with its 52-week high and low, gives RVN a strong long-term technical score of 71. Long-term trading movement of Ravencoin suggest that investors are neutral on the coin at the moment. Ravencoin currently has a total market cap of $252,492,743.15 to go along with its average daily volume of $100,365,558.80 worth of the currency over the past seven days. RVN's volume is below its seven day average as of the past 24 hours, with 17,918,668.72 exchanged in that period. 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

Trading patterns over the last year for Ravencoin leads to the coin's a strong long-term technical score of 71 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the coin. Click Here to get the full Report on Ravencoin (RVN).