- Bullish RVN price prediction is $0.04800 to $0.13942.
- Ravencoin (RVN) price might also reach $0.2 soon.
- Bearish RVN price prediction for 2022 is $0.01827
In Ravencoin’s (RVN) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about RVN to analyze the future movement of the cryptocurrency.
Ravencoin Current Market Status
According to CoinGecko, the price of Ravencoin(RVN) is $ 0.0397 with a 24-hour trading volume of $ 75,653,545 at the time of writing. However, RVN has increased by nearly 4.3% in the last 24hours.
Moreover, Ravencoin(RVN) has a circulating supply of 11,544,919,595 RVN. Ravencoin(RVN) trades in cryptocurrency exchanges such as Binance,Upbit,OKX,DigiFinex,Huobi global
What is Ravencoin (RVN)?
Ravencoin is the digital peer-to-peer (P2P) network that aims to implement a use case-specific blockchain designed to efficiently handle the transfer of assets from one party to another. Ravencoin aims to solve the problem of assets transfer and trading over the blockchain. It is protected by the power of decentralization and mathematics. It uses a proof of work mining algorithm called KAWPOW which replaced X16R and X16RV2.
Ravencoin (RVN) Price Prediction 2022
Ravencoin(RVN) holds the 115th position on CoinGecko right now. RVN price prediction 2022 is explained below with a daily time frame.
The above chart of Ravencoin(RVN) laid out an Ascending Triangle.The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs and the lower trendline that connects the rising lows. If the trend breaks out at the resistance level, the price will continue to move up in this ascending triangle pattern.
Currently, Ravencoin(RVN) is in the range of $0.03917. If the pattern continues, the price of RVN might reach the resistance levels of $0.04175 and $ 0.07715. If the trend reverses, then the price of RVN may fall to $0.02336 and $0.01743.
Ravencoin (RVN) Support and Resistance Level
The below chart shows the support and resistance level of RVN.
From the above daily time frame, it is clear the following are the resistance and support levels of RVN.
| Resistance Level 1 | $0.04800 |
| Resistance Level 2 | $0.07591 |
| Resistance Level 3 | $0.13942 |
| Support Level 1 | $0.02919 |
| Support Level 2 | $0.01827 |
The charts show that Ravencoin(RVN) has performed a bullish trend over the past month. If this trend continues, RVN might run along with the bulls overtaking its resistance level at $0.13942.
Accordingly, if the investors turn against the crypto, the price of Ravencoin(RVN) might plummet to almost $0.01827 , a bearish signal.
Ravencoin Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of RVN is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of RVN lies below the cutoff line, indicating weaker participants in the current trend.
Also, the Moving Average (MA) of Ravencoin(RVN) is shown in the chart above. Notably, Ravencoin(RVN) price lies above 50 MA (short-term), so it is in an uptrend. Currently, RVN has entered a bullish state. Therefore, there is a possibility of a reversal trend of RVN at any time.
Meanwhile, the relative strength index (RSI) of the RVN is 62.77. This means that Ravencoin(RVN) is in an overbought state. However, this means a major price reversal of RVN may occur in the upcoming days. So, traders need to trade carefully.
Ravencoin Price Prediction 2022 — ADX, RVI
Let us now look at Ravencoin’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Ravencoin(RVN). Currently, the ADX of RVN lies in the range of 53.13957 and thus, it indicates a very strong trend.
The above chart also represents the Relative Volatility Index (RVI) of Ravencoin(RVN). RVI measures the constant deviation of price changes over a period of time. The RVI of RVN lies above 50, indicating high volatility. In fact, the RSI of Ravencoin(RVN) is at 62.77 thus confirming a potential sell signal.
Comparison of RVN with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Ravencoin.
From the above chart, we can interpret that the price action of RVN is dissimilar to BTC and ETH. This indicates that when the price of BTC and ETH increases, the price of RVN decreases.When the price of BTC and ETH decreases,the price of RVN increases.
Ravencoin(RVN) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, Ravencoin(RVN) might probably attain $0.3 by 2023.
Ravencoin(RVN) Price Prediction 2024
With several upgrades in the network, Ravencoin(RVN) might enter a bullish trajectory. If the coin grabs the attention of major investors, RVN might rally to hit $0.4 by 2024.
Ravencoin(RVN) Price Prediction 2025
If Ravencoin(RVN) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 7 years, RVN would rally to hit $0.5.
Ravencoin(RVN) Price Prediction 2026
If Ravencoin(RVN) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, RVN would rally to hit $0.6.
Ravencoin(RVN) Price Prediction 2027
If Ravencoin(RVN) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, RVN would rally to hit $0.7.
Ravencoin(RVN) Price Prediction 2028
Ravencoin(RVN) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, RVN would hit $0.8 in 2028.
Ravencoin(RVN) Price Prediction 2029
If investors flock in and continue to place their bets on Ravencoin(RVN), it would witness major spikes. RVN might hit $0.9 by 2029.
Ravencoin(RVN) Price Prediction 2030
With greater advancements in the Basic Attention TokenEcosystem, the crypto community might continue to invest in RVN for the next 8 years and drive significant price rallies for the token. Hence, Ravencoin(RVN) might hit $1 by 2030.
Conclusion
With continuous improvements in the LoopringNetwork, we can say that 2022 is a good year for RVN. For this reason, the bullish price prediction of Ravencoin(RVN) in 2022 is $0.13942. On the other hand, the bearish price prediction of Ravencoin(RVN) price prediction for 2022 is $0.01827.
Furthermore, with the advancements and upgrades to the Basic Attention Token ecosystem, the performance of RVN would help to reach above its current all-time high (ATH) of $0.285218 very soon. But, it might also reach $0.2 if the investors believe that RVN is a good investment in 2022.
FAQ
Ravencoin (RVN) is an Ethereum token that powers the Ravencoin protocol, an automated market maker that lets anyone create or add liquidity to trading pools while earning customizable trading fees.
Ravencoin(RVN) has been listed on many crypto exchanges which include Binance, Upbit, OKX, DigiFinex , Huobi global.
With the ongoing developments and upgrades within the RVN platform, it has a high possibility of reaching its ATH soon.
On Feb 20, 2021, RVN reached its new all-time high (ATH) of $0.285218.
Ravencoin (RVN) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of RVN in the past few months, RVN is considered a good investment in 2022.
Ravencoin (RVN) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Ravencoin (RVN) will hit $0.2 soon.
Ravencoin (RVN) price is expected to reach $0.3 by 2023.
Ravencoin (RVN) price is expected to reach $0.4 by 2024.
Ravencoin (RVN) price is expected to reach $0.5 by 2025.
Ravencoin (RVN) price is expected to reach $0.6 by 2026.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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Source: https://thenewscrypto.com/ravencoin-rvn-price-prediction