Should You Buy Ravencoin Classic (RVC) Sunday?

Sunday, May 28, 2023 07:42 PM | InvestorsObserver Analysts

Ravencoin Classic receives a strong long-term technical score of 87 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, RVC holds a superior long-term technical analysis score than 87% 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 Classic a 87 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Ravencoin Classic!

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Trading Analysis

Ravencoin Classic's price is -$0.0000009 (-3.16%) below its 100-day moving average price of $0.000027169 as its price at the moment sits at $0.000026311. Additionally, RVC is $0.0000086 (-61991901.87%) higher than its 52-week low price of $0.000017744 while -$0.00012372 (-6665473.23%) under its 52-week high of $0.000150026. The current trading price in relation to its long-term average along with its 52-week high and low, gives RVC a strong long-term technical score of 87. Long-term trading movement of Ravencoin Classic suggest that investors are neutral on the coin at the moment. Ravencoin Classic has a market capitalization of $331,017.78 and a relatively low average daily volume with $403,290.62 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, RVC's volume is below its seven day average with 62,626.53 exchanged.

Summary

Technical analysis of Ravencoin Classic over the past year results in the crypto receiving a a strong long-term technical score of 87 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 Classic (RVC).