๐ $RVN on the Move: Breakout or Fakeout?
Ravencoin (RVN) is showing some serious life on the 1-hour chart! After a period of consolidation, weโre seeing a massive green candle pushing the price up to 0.00725 USDT, marking a +5.38% gain for the day. ๐
๐ 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?
๐ก Whatโs 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.
โ ๏ธ 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.
Whatโs your move? Are you Accumulating or Scalping this pump? ๐
#RVN #Ravencoin #CryptoTrading #BinanceSquare #TechnicalAnalysis $RVN
