{"id":8820,"date":"2022-09-16T13:13:57","date_gmt":"2022-09-16T13:13:57","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/09\/16\/ravencoin-dips-by-nearly-20-today-after-last-weeks-rally\/"},"modified":"2022-09-16T13:13:57","modified_gmt":"2022-09-16T13:13:57","slug":"ravencoin-dips-by-nearly-20-today-after-last-weeks-rally","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/09\/16\/ravencoin-dips-by-nearly-20-today-after-last-weeks-rally\/","title":{"rendered":"Ravencoin dips by nearly 20% today after last week’s rally"},"content":{"rendered":"

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Ravencoin was top-of-the-line performers last week, however the cryptocurrency has been underperforming over the last 24 hours.<\/strong><\/p>\n

RVN, the native coin of the Ravencoin blockchain, is likely one of the worst performers amongst the highest 100 cryptocurrencies by market cap. RVN is down by nearly 20% within the last 24 hours.\u00a0<\/p>\n

The coin\u2019s poor efficiency coincides with that of the broader cryptocurrency market. The crypto market has misplaced nearly 4% within the last 24 hours, with the whole market cap now round $950 billion.<\/p>\n

Bitcoin, the world\u2019s main cryptocurrency, has misplaced greater than 2% of its worth up to now on Friday. As a outcome, BTC is buying and selling beneath the $20k psychological stage as soon as once more.<\/p>\n

Ether, the second-largest coin by market cap, has misplaced greater than 8% of its worth today regardless of the Ethereum community efficiently migrating to a proof of stake mechanism roughly 24 hours in the past. ETH is buying and selling beneath $1,500 for the primary time in nearly two weeks.<\/p>\n

Ravencoin\u2019s poor efficiency comes after the coin added nearly 100% to its worth last week. It outperformed most cash as miners thought of it one of many main choices once they migrated from the Ethereum blockchain.<\/p>\n

Key ranges to look at<\/h2>\n

The RVN\/USD 4-hour chart stays constructive regardless of Ravencoin\u2019s poor efficiency. However, the technical indicators present that RVN is at the moment underperforming.<\/p>\n

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RVN\/USD 4-hour Chart By TradingView<\/strong><\/a><\/p>\n

The MACD line is across the impartial zone and will quickly enter the adverse zone if the bearish pattern continues.<\/p>\n

The 14-day RSI of 42 exhibits that RVN might enter the overbought area if the bears stay in cost.\u00a0<\/p>\n

At press time, RVN is buying and selling at $0.05222 per coin. If the bearish pattern continues, RVN might slip beneath the $0.04538 assist stage earlier than the tip of the day.<\/p>\n

An prolonged bearish efficiency over the weekend might see RVN wrestle to defend the $0.03609 assist stage.\u00a0<\/p>\n

Where to purchase now<\/h2>\n

Capital.com<\/h3>\n

Capital.com is a world dealer which gives over 200 cryptocurrencies for its customers.<\/p>\n

It comes with a spread of options reminiscent of; nice safety, 24\/7 assist, demo accounts and all kinds of belongings.<\/p>\n

On prime of that, it additionally has no inactivity, withdrawal or deposit charges, which makes it stand out from different crypto manufacturers.<\/p>\n

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\n Buy RVN with Capital.com today
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