Ravencoin is up by 9% in the final 24 hours, making it the finest performer amongst the prime 100 cryptocurrencies by market cap.
RVN, the native token of the Ravencoin blockchain, is the finest performer amongst the prime 100 cryptocurrencies in the final 24 hours. It has added 9% to its worth to this point today, outperforming the broader market in the course of.
The cryptocurrency market is beginning the week in a optimistic vogue, with the market up by much less than 1% over the final 24 hours. The whole crypto market cap stays beneath $1 trillion, regardless of today’s optimistic efficiency.
Bitcoin is nonetheless buying and selling beneath $20k after dropping more than 1% of its worth in the final seven days. The main cryptocurrency is nonetheless buying and selling in the crimson zone today. Ether has maintained its place above $1,500 and is up by much less than 1% on Monday.
Ravencoin’s optimistic efficiency comes after a chilly storage pockets was revealed for the RVN coin. The Ice Wallet Storage will quickly launch and can help the RVN coin.
Cold storage {hardware} pockets coming quickly solely to Ravencoin $RVN.
Designed for Ravencoin & Ravencoin Assets. i#
This is an enormous deal for Ravencoin.
It’s a freaking {hardware} pockets man! ????@IceWalletCold https://t.co/jbwQHwShTc pic.twitter.com/etUz6N2kjf— Leon Ravencoin ???????????? ₿ (@leon_texas) September 4, 2022
Key ranges to observe
The RVN/USDT 4-hour chart is optimistic, as Ravencoin has been performing nicely over the previous 24 hours. The technical indicators present that RVN is outperforming the broader cryptocurrency market.
The MACD line is inside the optimistic area, indicating bullish momentum for Ravencoin. The bullish momentum comes as the broader market is recovering from its latest bearish droop.
The 14-day relative power index of 61 exhibits that RVN might enter the overbought area if the rally may be maintained.
At press time, RVN is buying and selling at $0.03203 per coin. If the bullish momentum persists, RVN might surge previous the $0.035722 resistance stage earlier than the finish of the day. However, it will want the help of the broader crypto market to cross the $0.040577 resistance stage in the quick time period.
The bears may regain management of the market and push RVN beneath the $0.028675 help stage. However, RVN ought to comfortably defend its place above the $0.024799 help stage in the close to time period.
