Ravencoin (RVN) Price Prediction 2024, 2025–2030

Explore short and medium-term Ravencoin price prediction analysis and check long-term Ravencoin forecasts for 2025, 2030, and beyond

5-Day Prediction
$?0.020216
1-Month Prediction
$?0.04608
3-Month Prediction
$?0.048686
6-Month Prediction
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1-Year Prediction
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2025 Prediction
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2030 Prediction
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2040 Prediction
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2050 Prediction
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Current Price $?0.018049
Price Prediction $?0.04608  (152.83%)
Fear & Greed Index 69 (Greed)
Sentiment Neutral
Volatility 4.21%
Green Days 12/30 (40%)
50-Day SMA $?0.017303
200-Day SMA $?0.022218
14-Day RSI 47.46

According to our current Ravencoin price prediction, the price of Ravencoin is predicted to rise by 152.83% and reach $?0.04608 by November 28, 2024. Per our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 69 (Greed). Ravencoin recorded 12/30 (40%) green days with 4.21% price volatility over the last 30 days. Based on the Ravencoin forecast, it's now a good time to buy Ravencoin.

$
≈ $?2,448.85

If you invest $?1,000.00 in Ravencoin today and hold until Dec 11, 2024, our prediction suggests you could see a potential profit of $?2,448.85, reflecting a 244.88% ROI over the next 41 days (fees are not included in this estimate).

Disclaimer: This is not investment advice. The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Short-Term Ravencoin Price Targets

DatePredictionPotential ROI
Oct 30, 2024$?0.018225
0.98%
Oct 31, 2024$?0.01825
1.12%
Nov 01, 2024$?0.018523
2.62%
Nov 02, 2024$?0.019242
6.61%
Nov 03, 2024$?0.020216
12.00%

Over the next five days, Ravencoin will reach the highest price of $?0.020216 on Nov 03, 2024, which would represent 12.00% growth compared to the current price. This follows a 4.25% price change over the last 7 days.

Ravencoin Prediction Table

202420252026202720282029203020402050
MonthMin. PriceAvg. PriceMax. PricePotential ROI
Oct 2024$?0.018225$?0.037044$?0.060357
234.41%
Nov 2024$?0.045857$?0.055168$?0.062248
244.88%
Dec 2024$?0.053681$?0.054047$?0.054414
201.48%

In 2024, Ravencoin (RVN) is anticipated to change hands in a trading channel between $?0.018225 and $?0.062248, leading to an average annualized price of $?0.048753. This could result in a potential return on investment of 244.88% compared to the current rates.

Ravencoin Price Prediction 2024

October 2024: RVN Prediction

With a negative market trend seen last month (with the price of RVN losing -2.89%), Ravencoin is expected to reject the trend in October. The projected monthly trading range is between $?0.018225 and $?0.060357, with the average monthly value sitting at $?0.037044, which would be a 99.30% increase compared to the previous month. This could offer investors a potential return of 234.41%.

Potential ROI: 234.41%

November 2024: RVN Prediction

Forecasts for November suggest a continuation of the market trend, with a potential price increase to $?0.055168. The expected price range lies between $?0.045857 and $?0.062248, influenced by last month's market performance. Investors may witness a potential gain of 244.88%, if they decide to buy RVN at current prices and sell it at predicted rates.

Potential ROI: 244.88%

December 2024: RVN Prediction

Ravencoin is predicted to finish the year by changing hands in a trading channel between $?0.053681 and $?0.054414. This would entail that the price of RVN increased by 199.45% in comparison to today’s prices (assuming December’s average price of $?0.054047). In other words, investors would generate a potential profit of 201.48% if RVN follows the prediction.

Potential ROI: 201.48%

Ravencoin Price Prediction 2025

In 2025, Ravencoin is forecasted to trade in a price channel between $?0.022925 and $?0.061156. On average, RVN is expected to change hands at $?0.034616 during the year. The most bullish month for RVN could be January, when the currency is anticipated to trade 238.83% higher than today.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?0.042166$?0.052196$?0.061156
238.83%
February$?0.027566$?0.039503$?0.051591
185.84%
March$?0.022925$?0.027265$?0.03109
72.25%
April$?0.023017$?0.023875$?0.025346
40.43%
May$?0.025229$?0.036181$?0.046302
156.53%
June$?0.033749$?0.039804$?0.04507
149.71%
July$?0.032732$?0.035428$?0.037206
106.14%
August$?0.03626$?0.039451$?0.043094
138.76%
September$?0.030286$?0.03452$?0.03896
115.86%
October$?0.029647$?0.03376$?0.040548
124.65%
November$?0.025554$?0.028494$?0.033985
88.29%
December$?0.023376$?0.02492$?0.027485
52.28%

Ravencoin Price Prediction 2026

Generally speaking, Ravencoin price prediction for 2026 is bullish. The RVN cryptocurrency is forecasted to hit a high point of $?0.028024 in January and reach a low of $?0.015862 in November. Overall, RVN is expected to trade at an average price of $?0.019247 in 2026.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?0.022798$?0.025558$?0.028024
55.27%
February$?0.021382$?0.023235$?0.025142
39.30%
March$?0.017355$?0.018567$?0.021282
17.91%
April$?0.016037$?0.017022$?0.018108
0.33%
May$?0.016542$?0.017499$?0.02038
12.91%
June$?0.018258$?0.019673$?0.020557
13.90%
July$?0.01807$?0.021085$?0.026767
48.30%
August$?0.018636$?0.019306$?0.02018
11.81%
September$?0.016314$?0.017781$?0.01901
5.32%
October$?0.016132$?0.016594$?0.016842
6.69%
November$?0.015862$?0.016384$?0.017373
3.75%
December$?0.01714$?0.018266$?0.018852
4.45%

Ravencoin Price Prediction 2027

The outlook for Ravencoin in 2027 indicates a possible downtrend, with an expected price of $?0.016309. This represents a -9.64% decrease from the current price. The asset's price is projected to oscillate between $?0.014822 in September and $?0.019604 in January. Investors could see a potential ROI of 8.61%, suggesting a favorable investment environment.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?0.016645$?0.018187$?0.019604
8.61%
February$?0.017247$?0.017619$?0.018
0.27%
March$?0.016487$?0.017189$?0.017833
1.20%
April$?0.016024$?0.016493$?0.01673
7.31%
May$?0.015438$?0.015911$?0.016492
8.62%
June$?0.015782$?0.016038$?0.0163
9.69%
July$?0.015142$?0.015495$?0.015837
12.26%
August$?0.015011$?0.015111$?0.015191
15.83%
September$?0.014822$?0.015052$?0.015321
15.11%
October$?0.015323$?0.015752$?0.016028
11.20%
November$?0.015836$?0.016463$?0.017109
5.21%
December$?0.015983$?0.0164$?0.016903
6.35%

Ravencoin Price Prediction 2028

Following a bullish trend in the previous year, 2028 is expected to continue this momentum. Ravencoin’s value is forecasted to increase, potentially reaching an average price of $?0.028892. The price is predicted to fluctuate between a low of $?0.014973 in July and a high of $?0.122883 in December.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?0.015708$?0.016044$?0.016902
6.36%
February$?0.016591$?0.017838$?0.019045
5.52%
March$?0.017162$?0.01988$?0.023442
29.88%
April$?0.018$?0.018605$?0.019359
7.26%
May$?0.017228$?0.01822$?0.018815
4.25%
June$?0.01543$?0.016256$?0.017283
4.24%
July$?0.014973$?0.015855$?0.0163
9.69%
August$?0.015134$?0.015458$?0.016079
10.92%
September$?0.015298$?0.015669$?0.016016
11.26%
October$?0.015383$?0.015706$?0.018183
0.74%
November$?0.020553$?0.069774$?0.118279
555.32%
December$?0.08953$?0.107394$?0.122883
580.83%

Ravencoin Price Prediction 2029

Forecasts for 2029 suggest that RVN will experience a significant growth, with expected fluctuation ranging from $?0.027148 to $?0.120223. Investors might anticipate a potential ROI of 566.09%, aligning with a bullish outlook for the year.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?0.073992$?0.097905$?0.120223
566.09%
February$?0.038447$?0.063906$?0.096938
437.08%
March$?0.027148$?0.036856$?0.047027
160.55%
April$?0.027374$?0.02962$?0.033043
83.07%
May$?0.032929$?0.062049$?0.08406
365.73%
June$?0.053068$?0.066951$?0.081062
349.12%
July$?0.051025$?0.058026$?0.061971
243.35%
August$?0.059613$?0.067637$?0.076251
322.46%
September$?0.044896$?0.054095$?0.066188
266.71%
October$?0.043515$?0.054048$?0.070053
288.13%
November$?0.03355$?0.039615$?0.052514
190.95%
December$?0.027904$?0.031377$?0.037433
107.40%

Ravencoin Price Prediction 2030

In the long term, Ravencoin could reach a price of $?0.039563 in January of 2030. That’s a rather optimistic scenario, as RVN could trade as low as $?0.009955 in November. Overall, RVN’s price is projected to hover at around $?0.018129 during the year, about 0.44% above the current price of $?0.018049.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?0.02684$?0.033782$?0.039563
119.20%
February$?0.022766$?0.027306$?0.030392
68.39%
March$?0.013588$?0.016012$?0.021567
19.49%
April$?0.010381$?0.012625$?0.015423
14.55%
May$?0.01161$?0.014486$?0.021068
16.73%
June$?0.01533$?0.018866$?0.021385
18.48%
July$?0.015501$?0.02299$?0.036504
102.25%
August$?0.016663$?0.018106$?0.019654
8.89%
September$?0.01101$?0.014265$?0.017618
2.39%
October$?0.010612$?0.011703$?0.012339
31.64%
November$?0.009955$?0.011373$?0.013632
24.47%
December$?0.014188$?0.016033$?0.017233
4.52%

Ravencoin Price Prediction For Years 2024, 2025, 2026, 2027, 2028, 2029, and 2030

Over the next several years, Ravencoin is projected to increase, with prices potentially reaching $?0.122883 by 2028. This represents a 580.83% gain from today's value. The long-term forecast suggests a bullish trend, with potential highs of $?0.122883 and lows of $?0.009955 over the period.

YearMin. PriceAvg. PriceMax. PricePotential ROI
2024$?0.018225$?0.012188$?0.062248
244.88%
2025$?0.022925$?0.034616$?0.061156
238.83%
2026$?0.015862$?0.019247$?0.028024
55.27%
2027$?0.014822$?0.016309$?0.019604
8.61%
2028$?0.014973$?0.028892$?0.122883
580.83%
2029$?0.027148$?0.055174$?0.120223
566.09%
2030$?0.009955$?0.018129$?0.039563
119.20%

Ravencoin Technical Analysis

Sentiment

Neutral

Based on data from October 29, 2024 at 23:03, the general Ravencoin price prediction sentiment is neutral , with 19 technical analysis indicators signaling bullish signals, and 11 signaling bearish signals.

RVN price prediction was last updated on October 29, 2024 at 23:03.

Ravencoin's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)

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Based on our technical indicators, Ravencoin's 200-day SMA will rise in the next month and will hit $?0.023106 by Nov 28, 2024. Ravencoin's short-term 50-Day SMA is estimated to hit $?0.028921 by Nov 28, 2024.

The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 47.46, which indicates that the RVN market is in a neutral position.

Popular RVN Moving Averages and Oscillators for Wed, Oct 30, 2024

Moving averages (MA) are a popular indicator in all financial markets, designed to smooth price action over a certain amount of time. They are a lagging indicator which means they are influenced by historical price activity. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).

Daily Simple Moving Average (SMA)

PeriodValueAction
SMA 3$?0.016915BUY
SMA 5$?0.01751BUY
SMA 10$?0.017376BUY
SMA 21$?0.01733BUY
SMA 50$?0.017303BUY
SMA 100$?0.017122BUY
SMA 200$?0.022218SELL

Daily Exponential Moving Average (EMA)

PeriodValueAction
EMA 3$?0.017173BUY
EMA 5$?0.017078BUY
EMA 10$?0.016978BUY
EMA 21$?0.017015BUY
EMA 50$?0.017184BUY
EMA 100$?0.018181SELL
EMA 200$?0.020107SELL

Weekly Simple Moving Average (SMA)

PeriodValueAction
SMA 21-$?0.02BUY
SMA 50$?0.00BUY
SMA 100-$?0.01BUY
SMA 200$?0.001007BUY

Weekly Exponential Moving Average (EMA)

PeriodValueAction
EMA 21$?0.019264SELL
EMA 50$?0.02158SELL
EMA 100$?0.025968SELL
EMA 200$?0.019418SELL

Ravencoin Oscillators

An oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. Traders use the trend indicator to discover short-term overbought or oversold conditions.

PeriodValueAction
RSI (14)47.46NEUTRAL
Stoch RSI (14)--
Stochastic Fast (14)21.02NEUTRAL
Commodity Channel Index (20)-66.67NEUTRAL
Average Directional Index (14)16.21NEUTRAL
Awesome Oscillator (5, 34)0.00NEUTRAL
Momentum (10)0.00SELL
MACD (12, 26)0.00NEUTRAL
Williams Percent Range (14)-78.98NEUTRAL
Ultimate Oscillator (7, 14, 28)50.69NEUTRAL
VWMA (10)0.02SELL
Hull Moving Average (9)0.02SELL
Ichimoku Cloud B/L (9, 26, 52, 26)0.02NEUTRAL

Ravencoin Key Price Levels

Based on today's classical pivot point (P1) with the value of $?0.017041, Ravencoin has support levels of $?0.016673, $?0.016216, and the strongest at $?0.015847. Similarly, Ravencoin resistance levels are at $?0.017498, $?0.017867, and $?0.018323.

Support Levels

#PriceStrength
S1$?0.016673  
S2$?0.016216  
S3$?0.015847  

Resistance Levels

#PriceStrength
R1$?0.017498  
R2$?0.017867  
R3$?0.018323  

Ravencoin Correlation

Over the past 7 days, Ravencoin price was most positively correlated with the price of and most negatively correlated with the price of .

Positively Correlated Currencies

NameCorrelation

Negatively Correlated Currencies

NameCorrelation

Ravencoin price is correlated with the top 10 coins by market cap with a price of , excluding Tether (USDT) and correlated with the top 100 coins by market cap excluding all stablecoins with a price of .

Currencies that are positively correlated with Ravencoin indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Ravencoin, a move in one direction for Ravencoin would translate into a move in the opposite direction for the negatively correlated coin.

Ravencoin Price Prediction FAQ

What is Ravencoin's price prediction today?

Based on our Ravencoin prediction chart, the price of Ravencoin will increase by 0.00% and reach $?0.018225 by Oct 30, 2024.

What is Ravencoin price prediction for tomorrow?

Ravencoin is predicted to gain 0.00% and reach a price of $?0.018225 tomorrow.

What is the Ravencoin price prediction for this week?

According to our Ravencoin price prediction, RVN is forecasted to trade within a price range of $?0.018225 and $?0.020216 this week. Ravencoin will increase by 10.92% and reach $?0.020216 by Nov 03, 2024 if it reaches the higher value target.

What is the Ravencoin price prediction for next week?

The Ravencoin price prediction for next week is between $?0.020216 on the lower end and $?0.028869 on the high end. Based on our RVN price prediction chart, the price of Ravencoin will increase by 42.81% and reach $?0.028869 by Nov 10, 2024 if it reaches the upper price target.

What is the Ravencoin price prediction for 2024?

Ravencoin is forecasted to trade within a range of $?0.018225 and $?0.062248. If it reaches the upper price target, RVN could increase by 244.88% and reach $?0.062248.

What is the Ravencoin price prediction for 2025?

According to our Ravencoin price prediction, RVN is forecasted to trade within a price range of $?0.018225 and $?0.062248 next year. Ravencoin will increase by 244.88% and reach $?0.062248 if it reaches the higher value target for 2025.

What is the Ravencoin price prediction for 2030?

The Ravencoin price prediction for 2030 is between $?0.027148 on the lower end and $?0.120223 on the high end. Based on our RVN price prediction chart, the price of Ravencoin could gain 566.09% and reach $?0.120223 if it reaches the upper price target.

Will Ravencoin reach $1?

Ravencoin would need to gain 5,440.46% to reach $1. According to our Ravencoin prediction algorithm, the price of Ravencoin will not reach $1. The highest expected price our algorithm estimates is $?0.122883 by 2028.

Will Ravencoin reach $10?

Ravencoin would need to gain 55,304.62% to reach $10. According to our Ravencoin prediction algorithm, the price of Ravencoin will not reach $10. The highest expected price our algorithm estimates is $?0.122883 by 2028.

Will Ravencoin reach $100?

Ravencoin would need to gain 553,946.20% to reach $100. According to our Ravencoin prediction algorithm, the price of Ravencoin will not reach $100. The highest expected price our algorithm estimates is $?0.122883 by 2028.

What is the current Ravencoin sentiment?

The current Ravencoin sentiment is neutral according to our technical analysis.

What is the Ravencoin Fear & Greed Index and what does it indicate?

Currently, the Ravencoin Fear & Greed Index stands at 69, which means that investors’ sentiment is in the so-called Greed zone.

The Fear & Greed Index combines several market and investment indicators, including 30- and 90-day volatility, trading volume, social media activity, and Google Trends data. The Fear & Greed Index can be a useful measure of Ravencoin investors’ sentiment, and is based primarily on Bitcoin-related market data.

Overall, the Fear & Greed Index indicates the current sentiment of the market, as follows: 0-24 extreme fear, 25-49 fear, 50 neutral, 51-75 greed, and 76-100 extreme greed. Some traders interpret a prevalent negative sentiment as a good buying opportunity, while a prevalent positive sentiment can be a good opportunity to sell.

Is it profitable to invest in Ravencoin?

Over the last 30 days, Ravencoin had 12/30 (40%) green days. According to our historical data, it is currently profitable to invest in Ravencoin. The price of Ravencoin increased by 0.62% in the last 1 year, while the coin’s 3-year performance is -84.12%.

Is Ravencoin a good buy in 2024?

Based on multiple technical quantitative indicators, the current forecast for Ravencoin in 2024 is neutral. This could be an indication that Ravencoin is a good buy in 2024. However, it’s important to consider both technical factors (price history) and fundamental factors (on-chain activity and development) before making the decision to buy Ravencoin or not.

What will the price of Ravencoin be next week?

According to our Ravencoin forecast, the price of Ravencoin will increase by 10.92% over the next week and reach $?0.020216 by November 3, 2024.

What will the price of Ravencoin be next month?

According to our Ravencoin forecast, the price of Ravencoin will increase by 152.83% over the next month and reach $?0.04608 by November 28, 2024.

What is Ravencoin's 50-Day SMA and what does it indicate?

Ravencoin’s 50-day SMA (simple moving average) is currently $?0.017303. The 50-day SMA indicates the average price of Ravencoin over a 50-day period. The 50-day SMA is commonly used to gauge the price trend of an asset over an intermediate period of time. A rising 50-day SMA indicates a positive RVN price trend in the medium term, while a dropping SMA indicates the opposite.

The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50.

What is Ravencoin's 200-Day SMA and what does it indicate?

Ravencoin’s 200-day SMA is currently $?0.022218. The 200-day SMA is a popular indicator that’s used to determine an asset’s long-term price trend. A rising Ravencoin 200-day SMA indicates a positive long-term trend. Meanwhile, a falling 200-day SMA shows that RVN has been trending downwards over the long term.

Many cryptocurrency traders pay close attention to the markets when the current Ravencoin price crosses an important moving average like the 200-day SMA.

The 200-day SMA is calculated by taking Ravencoin’s closing prices in the last 200 days, adding them together, and dividing the total by 200.

What is Ravencoin's 14-day RSI and what does it indicate?

Ravencoin’s 14-day RSI is at 47.46, indicating that RVN is currently neutral.

The RSI (Relative Strength Index) is a very popular technical indicator used to analyze prices of a variety of assets, including Ravencoin. Most commonly, the RSI is used on a 14-day time frame. The RSI is used to gauge momentum in the market. The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels. An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued.

Will Ravencoin go back up?

Based on our algorithmically generated price prediction for Ravencoin, the price of RVN is expected to decrease by 152.83% in the next month and reach $?0.04608 on Nov 28, 2024. Additionally, Ravencoin’s price is forecasted to gain 30.78% in the next six months and reach $?0.023835 on Apr 27, 2025. Finally, Ravencoin is expected to trade at $?0.032583 on Oct 29, 2025, following a 78.78% value decrease in one year.

How does our price prediction for Ravencoin work?

The Ravencoin price prediction on CoinCodex is calculated using the historical Ravencoin price dataset, accounting for past volatility and market movements. In addition, the algorithm uses the cyclical nature of Bitcoin halvings, which introduce extra supply-side pressure on BTC every 4 years. This has historically played a pivotal role in cryptocurrency markets and is a major component of creating a realistic Ravencoin prediction.

How to read and predict Ravencoin price movements?

Ravencoin traders use a variety of tools to try and determine the direction in which the RVN market is likely to head next. These tools can roughly be divided into indicators and chart patterns. When trying to predict the Ravencoin price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall.

Ravencoin Price Prediction Indicators

Moving averages are among the most popular Ravencoin price prediction tools. As the name suggests, a moving average provides the average closing price for RVN over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for RVN is a sum of RVN’s closing prices over the last 12 days which is then divided by 12.

In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.

50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the RVN price moves above any of these averages, it is generally seen as a bullish sign for Ravencoin. Conversely, a drop below an important moving average is usually a sign of weakness in the RVN market.

Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the RVN price.

How to read Ravencoin charts and predict price movements?

Most traders use candlestick charts, as they provide more information than a simple line chart. Traders can view candlesticks that represent the price action of Ravencoin with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. 1-hour, 4-hour and 1-day candlestick charts are among the most popular.

Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Ravencoin’s price action in 1-hour chunks. Each candlestick will display RVN’s opening price, closing price, as well as the highest and lowest prices that Ravencoin reached within the 1-hour period.

It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing.

What affects the price of Ravencoin?

Just like with any other asset, the price action of Ravencoin is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of RVN. The market capitalization of Ravencoin can change significantly in a short period of time.

When trying to make a Ravencoin forecast, many traders also try to monitor the activity of RVN “whales”, which are entities and individuals that control large amounts of RVN. Since the Ravencoin market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Ravencoin’s price movements.

Bullish and bearish price prediction patterns

Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.

Here are some of the most commonly followed bullish candlestick patterns:

Here are some common bearish candlestick patterns:

  • Hammer
  • Bullish Engulfing
  • Piercing Line
  • Morning Star
  • Three White Soldiers
  • Bearish Harami
  • Dark Cloud Cover
  • Evening Star
  • Shooting Star
  • Hanging Man
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RVN
Ravencoin
$?0.018049
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