Ravencoin Price Prediction 2023 – Will RVN Hit $0.05 Soon?

Ravencoin Price Prediction 2022 - Will RVN Hit $0.2 Soon?

In Ravencoin (RVN) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about RVN to analyze the future movement of the cryptocurrency. 

Ravencoin (RVN) Current Market Status

Current Price $0.02164581
24 – Hour Trading Volume $13,322,060
24 – Hour Price Change 8.5% up
Circulating Supply 11,907,968,088
All – Time High $0.285218 (on Feb 20, 2021)  
RVN Current Market Status (Source: CoinGecko)

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 asset 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 2023

Ravencoin(RVN) holds the 118th position on CoinGecko right now. RVN price prediction 2022 is explained below with a daily time frame.

RVN /USDT Horiaontal Channel Pattern (Source: Tradingview)

A horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of at least four contract points. This is because it needs at least two lows to connect, as well as two highs. Horizontal channels provide a clear and systematic way to trade by providing buy and sell points. The longer the horizontal channel, the stronger the exit movement will be. There is frequently a price on the channel after exit. the exit often occurs at the fourth contact point on one of the horizontal channel’s lines.

Currently, Ravencoin (RVN) is in the range of $0.01992050. If the pattern continues, the price of RVN  might reach the resistance levels of $0.03940, $0.07858 & $0.17844. If the trend reverses, then the price of RVN may fall to $0.01952.

Ravencoin(RVN) Support and Resistance Levels

The chart below shows the support and resistance levels of Ravencoin(RVN).

RVN /USDT Support and Resistance Levels (Source: Tradingview)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Ravencoin(RVN). 

Resistance Level 1 $0.02922
Resistance Level 2 $0.04826
Resistance Level 3$0.07622
Support Level  $0.01849
RVN /USDT Support and Resistance Levels

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 $0.07622.

Accordingly, if the investors turn against the crypto, the price of Ravencoin (RVN)  might plummet to almost $0.01849 , a bearish signal.

Ravencoin(RVN) Price Prediction 2023 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Ravencoin (RVN) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of RVN lies below the cutoff line, indicating weak participants in the current trend.

RVN /USDT RVOL, MA, RSI (Source: Tradingview)

Also, the Moving Average (MA) of Ravencoin (RVN) is shown in the chart above. Notably,  Ravencoin (RVN) price lies below 50 MA (short-term), so it is in an downtrend. Currently, RVN has entered a bearish 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 52.20. This means that Ravencoin (RVN) is nearly in an neither oversold nor overbought state. However, this means a major price reversal of RVN may occur in the upcoming days. So, traders need to trade carefully. 

Ravencoin(RVN) Price Prediction 2023 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of Ravencoin(RVN). 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.

RVN /USDT ADX, RVI (Source: Tradingview)

The above chart represents the ADX of Ravencoin (RVN). Currently, the ADX of RVN lies in the range of 24.80453 and thus, it indicates a weak 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 below 50, indicating high volatility. In fact, the RSI of Ravencoin (RVN) is at 52.20 thus confirming a potential buy signal.

Comparison of RVN with BTC, ETH

The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and  Ravencoin(RVN).

BTC Vs ETH Vs RVN  Price Comparison (Source: Tradingview)

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 2024-2030

Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price of Ravencoin (RVN) between 2024 and 2030.

Ravencoin (RVN) Price Prediction 2024

If the declining price action completely slows down in momentum and the trend reverses,  Ravencoin (RVN) might probably attain $0.3 by 2024.

Ravencoin (RVN) Price Prediction 2025

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 $0.7 by 2025. 

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 7 years, RVN would rally to hit $0.9.

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 4 years, RVN would rally to hit $1.

Ravencoin (RVN) Price Prediction 2028

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 $2. 

Ravencoin (RVN) Price Prediction 2029

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 $3 in 2029.

Ravencoin (RVN) Price Prediction 2030

If investors flock in and continue to place their bets on Ravencoin (RVN), it would witness major spikes. RVN might hit $4 by 2030.

Conclusion

With continuous improvements in the  Ravencoin Network, we can say that 2023 is a good year for RVN. For this reason, the bullish price prediction of Ravencoin (RVN) in 2023 is $0.07622. On the other hand,  the bearish price prediction of Ravencoin (RVN) price prediction for 2023 is $0.01849 .

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 $0.5 if the investors believe that RVN is a good investment in 2023.

FAQ

1. What is Ravencoin(RVN)?

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.

2. Where can you purchase Ravencoin(RVN)?

Ravencoin(RVN) has been listed on many crypto exchanges which include Binance, Gate.io.

3. Will Ravencoin(RVN) reach a new ATH soon?

With the ongoing developments and upgrades within the Basic Attention Token Platform, RVN  has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Ravencoin(RVN)?

On February 20, 2021 Ravencoin(RVN) reached its new all-time high (ATH) of  $0.285218.

5. Is Ravencoin(RVN) a good investment in 2023?

Ravencoin(RVN) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Basic Attention Token In the past few months, RVN  is considered a good investment in 2023.

6. Can Ravencoin(RVN) reach $0.5?

Ravencoin(RVN) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues, the Ravencoin(RVN) will hit $0.3 soon.

7. What will be the Ravencoin(RVN) price by 2024?

 Ravencoin(RVN) price is expected to reach $0.3 by 2024.

8. What will be the Ravencoin(RVN) price by 2025?

 Ravencoin(RVN) price is expected to reach $0.7 by 2025.

9. What will be the Ravencoin(RVN) price by 2026?

 Ravencoin(RVN) price is expected to reach $0.9 by 2027.

10. What will be the Ravencoin(RVN) price by 2027?

 Ravencoin(RVN) price is expected to reach $1 by 2027.                       

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

A devoted content specialist who is inquisitive on exploring crypto and blockchain technology. She is fond of providing innovative contents that tugged her to write for NewsCrypto.