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Ravencoin surged on Friday despite a bearish crypto market
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The blockchain, forked from Bitcoin, is a beneficiary of the ETH merge
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Technical indicators are currently bearish, casting doubts on sustained gains
Ravencoin RVN / USD surged 5% on Friday. At the time of writing, the token was trading for $0.03651. Although the pump is not tied to any specific factor, there is a rising interest in Ravencoin among crypto miners. As a PoW blockchain, it was one of the notable gainers after Ethereum’s proof-of-stake birleştirme.
Crypto miners opted for Ravencoin as an alternative to ETH mining. Besides, the blockchain platform has equally seen rapid expansion. This follows a step by FTX crypto exchange to list RVN perpetual features a mid-last month. The futures let investors speculate on the price of RVN.
It is of importance to note that Ravencoin was forked from bitcoin in 2018. The network aims for the issuance and transfer of new digital assets. Ravencoin is a proof-of-work consensus algorithm network. Its native token, RVN, powers decentralised applications and non-fungible tokens. From the technical outlook, RVN faces hurdles to the upside.
RVN shows some bullishness at the support zone
Binance
Binance, dünyanın en büyük kripto para borsalarından biridir. Daha deneyimli yatırımcılar için daha uygundur ve aralarından seçim yapabileceğiniz 600'ün üzerinde çok sayıda kripto para birimi sunar.
Binance ayrıca düşük alım satım ücretlerine ve kullanıcılarının yararlanabileceği çok sayıda alım satım seçeneğine sahip olmasıyla da bilinir; eşler arası ticaret, marj ticareti ve spot ticaret.
Coingate
CoinGate, 2014 yılında kurulmuş Litvanya merkezli bir fintech şirketidir. Ödeme ağ geçidi, her büyüklükteki işletme için kripto para birimi ödeme işleme hizmetleri sunar. İzne dayalı hesap yönetimi, banka hesabına yapılan fiat ödemeler ve yepyeni e-posta faturalandırma özelliği, CoinGate'in birçok kişi için bir ödeme işlemcisi haline gelmesinin sadece birkaç nedenidir.
Kaynak: TradingView
From the daily chart above, Ravencoin collapsed from $0.0771 in mid-September, shedding off 52% of its value. Technically, Ravencoin is showing some bullishness but remains locked in a broader support zone.
The momentum indicator, MACD, shows a clear bearish level, while the Stochastic Oscillator is at 32. The latter is slightly above the oversold zone but within the vicinity.
Alt satır
Ravencoin may not sustain the current gains due to largely bearish momentum. From the chart, the token is facing immediate resistance at $0.042. To invalidate the current sentiment, RVN must clear above the resistance level. The key indicators should also turn green. As it is, RVN is not out of the woods yet.
