InvestorsObserver
×
News Home

Ravencoin (RVN) What Does the Chart Say Wednesday?

Wednesday, August 17, 2022 12:38 PM | InvestorsObserver Analysts
Ravencoin (RVN) What Does the Chart Say Wednesday?

Ravencoin receives a strong short-term technical score of 80 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the coin by looking at the price movement to determine if it is trending in the right direction. RVN holds a better recent technical analysis than 80% of coins at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

Short-Term Technical - 80
InvestorsObserver is giving Ravencoin a 80 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Ravencoin!

Trading Analysis

RVN is currently $0.012234 (53.87%) above its 30-day low of $0.022711489 and -$0.007435 (-17.54%) below its 30-day high of $0.04238061. Additionally, RVN is above its average price of $0.033716921 over the past month of trading with its current price of $0.034945269. Overall, the recent trading history of Ravencoin suggest that traders are currently bullish on the coin.
RVN has a average market cap compared to the majority of coins with a total market value of $365,991,939.12. The market valuation for Ravencoin is relatively average due to the largest 100 cryptos having a market cap above $1 billion and RVN sits underneath that mark but remains above $100 million in market capilization. Ravencoin's average volume is average as $109,576,708.15 worth of the coin is typically traded over a 24 hour period. The volume for RVN is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the past 24 hours RVN's volume is below its average with $14,783,868.74 exchanged. Ravencoin'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

RVN's recent trading over the past month give it a strong short-term technical score as its recent price movement give traders reason to be more bullish on the coin in the short-term. Click Here to get the full Report on Ravencoin (RVN).

You May Also Like

Get the InvestorsObserver App

InvestorsObserver App
iOS App Android App