10 June 2023 : In this article we will walk you through Revain price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for Revain, Is REV a good investment? Revain support & resistance levels etc. But before diving deep into the REV technical analysis, let us talk about the current market conditions.
Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $1,043,683,938,723. The total trading volume stands at $48,428,005,205. Bitcoin shares 47.71 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price dropping down to $25,669.88 level after a decline of -3.76%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price decrease of -5.7 percent reaching to $1,745.00 during the previous 24 hours.
While publishing this blog, BNB traded at $236.44, following a price change of -9.99%within the same time frame. XRP the native coin of XRP is down by -8.81 and currently trading at $0.49. Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.
Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of Revain (REV)
|REV Resistance Levels||REV Support Levels|
|Resistance Level 1||$0.00079400||Support Level 1||$0.00059700|
|Resistance Level 2||$0.00088300||Support Level 2||$0.00048900|
|Resistance Level 3||$0.00099100||Support Level 3||$0.00040000|
The daily chart of Revain shows that the REV price has surged up with a 421.72% increase in past 24 hours. The price value of the Revain (REV) coin is standing at $0.004 with market capitalization $334,251,344.00 USD. REV price changes 653.7% over the week while the trading volume is hovering around $676,456.00 USD.
REV price analysis for 10 June 2023 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the Revain.
|Simple Moving Average (10)||0.00072400||Buy|
|Exponential Moving Average (10)||0.00069891||Buy|
|Simple Moving Average (20)||0.00076430||Buy|
|Exponential Moving Average (20)||0.00074732||Buy|
|Simple Moving Average (50)||0.00084402||Buy|
|Exponential Moving Average (50)||0.00083390||Buy|
The Relative strength index (RSI) for REV Coin is currently hovering at 39 for 14-days average line, which means REV is just recovering from a oversold condition. While REV’s Williams %R indicator is at -96.491 for the 14-day time period indicating a oversold condition and short term trend reversal is possible. Bulls can move the market in upward direction. The REV/USD Moving Average Convergence and Divergence (MACD) indicator is indicating a short-term sell signal as the MACD line is moving below Signal Line Which means bears are dominating in the market.
There had been a positive trend for some time and it seems that the coin will continue it upward movement as long as it remains in the green area. You should only acquire crypto right now if you're prepared to book profit through short-term market moves.