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$RVN on the Move: Breakout or Fakeout?
Ravencoin (RVN) is showing some serious life on the 1-hour chart! After a period of consolidation, we’re seeing a massive green candle pushing the price up to 0.00725 USDT, marking a +5.38% gain for the day. 📈
🔍 Technical Highlights:
Bullish Momentum: The price has surged well above the MA(7), MA(25), and MA(99), signaling a strong short-term trend reversal.
Volume Spike: Look at that bottom bar! A huge increase in trading volume confirms that buyers are stepping in with conviction.
Recovery Mode: While the 1-year view is still down, the 30-day performance is flipping green (+8.05%). Is the post-halving "supply shock" finally starting to kick in?
💡 What’s Driving This?
With the RVN Halving having just occurred earlier this month (January 2026), the reduction in daily miner rewards is beginning to tighten the supply. As a "Proof-of-Work" favorite for GPU miners, RVN often moves when the broader market looks for decentralized alternatives.
⚠️ Trader's Note:
The 24h high is sitting at 0.00737. Watch closely to see if RVN can flip this resistance into support. If it holds, we could be looking at a much larger recovery toward the 0.0080 level.
What’s your move? Are you Accumulating or Scalping this pump? 👇
#RVN #Ravencoin #CryptoTrading #BinanceSquare #TechnicalAnalysis $RVN