Market Overview for Ravencoin (RVNUSDT) – 2025-07-21

• Ravencoin (RVNUSDT) formed a bullish reversal pattern on the 15-minute chart near 0.01570.
• Price surged above a key resistance at 0.01615, confirming a breakout with rising volume.
• RSI and MACD suggest momentum is intact, but volatility has compressed in recent hours.
• Bollinger Bands show tightening, hinting at a potential breakout or consolidation.
• Notional turnover spiked during the morning ET rebound, aligning with price strength.

Ravencoin (RVNUSDT) opened at 0.01573 on 2025-07-20 12:00 ET and closed at 0.01636 on 2025-07-21 12:00 ET. The 24-hour high was 0.01648, and the low was 0.01560. Total trading volume reached ~101,923,942.20 RVN, with a notional turnover of ~$1,648,440. Price action showed a clear breakout above 0.01615, supported by increasing volume and a bullish engulfing pattern at the key support level of 0.01570.

Structure & Formations

A bullish engulfing pattern emerged at 0.01570 on the 15-minute chart, suggesting a potential reversal from a downtrend. Price then advanced through a previous resistance level at 0.01615, which now acts as a support. The 0.01630–0.01640 range appears to be the next key resistance zone, where a pullback or consolidation could occur before further upside.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed in a bullish crossover around 0.01590. On the daily chart, the 50-period MA is above the 100-period MA, indicating a positive bias. The 200-period MA remains a key long-term reference point at ~0.01595, and price is currently above it, supporting a medium-term bullish stance.

MACD & RSI

The MACD crossed above the signal line at 0.01600, confirming rising momentum. RSI has moved into overbought territory (above 60), signaling that short-term gains may be due for a correction. However, the divergence between RSI and price remains minimal, suggesting that bullish momentum is still intact for now.

Bollinger Bands

Bollinger Bands have narrowed significantly in the last 6 hours, indicating a potential breakout phase. Price has been trading near the upper band in recent sessions, with volatility increasing as the bands expand. If the breakout above 0.01630 is confirmed with a close above that level, it could trigger further upside.

Volume & Turnover

Volume has increased steadily through the morning ET session, with a sharp spike near 0.01630 as price tested the upper end of the Bollinger Bands. Notional turnover aligned with this price action, confirming the strength of the move. No significant divergence between volume and price was observed, suggesting the upward move is supported by real buying interest.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 15-minute swing from 0.01560 to 0.01648, the 38.2% level (~0.01596) and 61.8% level (~0.01616) were both tested and surpassed. The 0.01636 level is now within the 78.6% extension zone, suggesting a potential target for short-term traders.

Ravencoin may test the 0.01640–0.01650 range in the next 24 hours if the current momentum holds. A retest of 0.01615–0.01620 could occur if short-term profit-taking emerges. Investors should remain cautious of a pullback if RSI turns bearish or volume contracts.