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The cryptocurrency market has carried out poorly over the past 24 hours, however Ravencoin has continued its wonderful performance.
RVN, the native coin of the Ravencoin blockchain, has been one of many best-performing cryptocurrencies over the previous seven days. During that interval, RVN added greater than 90% to its worth.
In the final 24 hours, RVN added greater than 6% to its worth, outperforming the broader cryptocurrency market within the course of. The whole cryptocurrency market cap has dropped under $1 trillion for the primary time in additional than per week. This comes after the market misplaced greater than 6% of its worth within the final 24 hours.
Bitcoin as soon as once more dangers dropping under the $20k psychological degree after dropping practically 10% of its worth inside a number of hours.
Ether, the native coin of the Ethereum blockchain, is down by greater than 6% forward of the Merge. At press time, ETH is buying and selling at $1,609 per coin.
There is no catalyst behind RVN’s ongoing rally. The proof of labor coin has been gaining traction in latest days because it continues to draw miners due to the Ethereum Merge.
Key ranges to observe
The RVN/USD 4-hour chart is extraordinarily bullish as Ravencoin has been performing excellently over the past seven days. The technical indicators present that it is probably the greatest performers within the broader crypto market.
The MACD line crossed into the optimistic zone on September third and has remained there. Thus, indicating that the bulls are answerable for the Ravencoin market.
The 14-day relative energy index of 65 exhibits that RVN might enter the overbought area if the rally is sustained.
At press time, RVN is buying and selling at $0.0652 per coin. RVN might transfer previous the primary main resistance degree at $0.07100 earlier than the tip of the day.
However, the bulls would discover it exhausting to surge previous April’s excessive of $0.0778 until they acquire help from the broader crypto market.
If the bears regain management, RVN could possibly be pressured to defend the primary main help degree at $0.05982 over the following few hours.
Capital.com
Capital.com is a world dealer which gives over 200 cryptocurrencies for its customers.
It comes with a spread of options equivalent to; nice safety, 24/7 help, demo accounts and all kinds of property.
On high of that, it additionally has no inactivity, withdrawal or deposit charges, which makes it stand out from different crypto manufacturers.
Buy RVN with Capital.com today
OKX
OKX is a high cryptocurrency alternate which gives over 140 cryptocurrencies to spend money on.
OKX takes buyer safety very significantly, they retailer nearly all of their purchasers’ funds in chilly storage, and the alternate is but to be hacked.
On high of this, the alternate gives very low charges and prospects may even use their crypto as collateral for loans on the platform.
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