Ravencoin is up by 9% within the final 24 hours, making it the very best performer amongst the highest 100 cryptocurrencies by market cap.
RVN, the native token of the Ravencoin blockchain, is the very best performer amongst the highest 100 cryptocurrencies within the final 24 hours. It has added 9% to its worth thus far right now, outperforming the broader market within the course of.
The cryptocurrency market is beginning the week in a constructive vogue, with the market up by lower than 1% during the last 24 hours. The entire crypto market cap stays beneath $1 trillion, regardless of right now’s constructive efficiency.
Bitcoin remains to be buying and selling beneath $20k after dropping greater than 1% of its worth within the final seven days. The main cryptocurrency remains to be buying and selling within the crimson zone right now. Ether has maintained its place above $1,500 and is up by lower than 1% on Monday.
Ravencoin’s constructive efficiency comes after a chilly storage pockets was revealed for the RVN coin. The Ice Pockets Storage will quickly launch and can assist the RVN coin.
Chilly storage {hardware} pockets coming quickly solely to Ravencoin $RVN.
Designed for Ravencoin & Ravencoin Belongings. i#
It is a large deal for Ravencoin.
It’s a freaking {hardware} pockets man! 💥@IceWalletCold https://t.co/jbwQHwShTc pic.twitter.com/etUz6N2kjf— Leon Ravencoin ₿ (@leon_texas) September 4, 2022
Key ranges to look at
The RVN/USDT 4-hour chart is constructive, as Ravencoin has been performing effectively over the previous 24 hours. The technical indicators present that RVN is outperforming the broader cryptocurrency market.
The MACD line is inside the constructive area, indicating bullish momentum for Ravencoin. The bullish momentum comes because the broader market is recovering from its current bearish droop.
The 14-day relative energy index of 61 reveals that RVN may enter the overbought area if the rally might be maintained.
At press time, RVN is buying and selling at $0.03203 per coin. If the bullish momentum persists, RVN may surge previous the $0.035722 resistance stage earlier than the top of the day. Nevertheless, it could want the assist of the broader crypto market to cross the $0.040577 resistance stage within the quick time period.
The bears would possibly regain management of the market and push RVN beneath the $0.028675 assist stage. Nevertheless, RVN ought to comfortably defend its place above the $0.024799 assist stage within the close to time period.