Revain Price Analysis: Will REV Surge to hit $0.00079400


  • Revain currently trades near $0.004
  • REV rose 653.7% in seven days.
  • REV’s intraday volume stands at $676,456.00.
  • Support for the bears has been established at $0.00059700

19 April 2024 : 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.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $2,351,301,853,691. The total trading volume stands at $114,723,819,302. Bitcoin shares 54.24 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $64,777.26 level after an upward movement of 4.69%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 2.93 percent reaching to $3,101.53 during the previous 24 hours.
While publishing this blog, BNB traded at $559.39, following a price change of 3.25% within the same time frame. SOL the native coin of Solana is up by 8.9 and currently trading at $145.21. 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.

Revain Support and Resistance

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

Revain Performance

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.

Revain Price Analysis

REV price analysis for 19 April 2024 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.

Moving Averages Price Indicator
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.

Conclusions

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.