Ravencoin Price Prediction 2023-2032: Can RVN reach $10?

Key Takeaways

• Ravencoin price faces bearish pressure around $0.016. 
• Our Ravencoin price prediction expects the RVN price to record a maximum level of $0.0222in 2024.
• In 2030, we expect the RVN price to achieve $0.2262.

Following the U.S. SEC’s approval of the Bitcoin Spot ETF and Ethereum ETF, altcoins have gained momentum. 

Should the crypto market undergo a bullish reversal, the demand for Ravencoin (RVN) could surge, potentially pushing its price beyond $0.02. 

Since the beginning of 2024, Ravencoin (RVN) has shown volatility, with bulls working hard to regain control of its value. The general outlook on Ravencoin’s price is still bearish, as buyers need to take charge of the market to maintain momentum.

Meanwhile, at the support levels of $0.01 and $0.009, bullish investors might find attractive opportunities. This price prediction for Ravencoin examines the project’s utility, tokenomics, and market trends, providing a forecast for its price from 2024 to 2030.

Overview

Ravencoin Technical Analysis 

RVN Price Analysis

Ravencoin price faces bearish pressure around $0.016

• RVN price analysis shows a bearish pattern as it hovers around $0.016.
• Resistance for Ravencoin is present at $0.02
• Support for RVN/USD is present at $0.012

The RVN price analysis for 31 August confirms that Ravencoin witnessed bearish pressure as it faced increased selling activity. The price is currently aiming for a drop below $0.016.

Ravencoin price analysis 1-day chart: RVN price attempts to meet buyers’ demand

Analyzing the daily price chart of RVN tokens, Ravencoin’s price witnessed a bearish correction after bulls failed to defend immediate Fib lines. Over the last 24 hours, Ravencoin price has been on a minor bearish path as sellers pushed the price toward $0.016. The 24-hour volume declined to $747K, showing a decreased interest in trading activity today. Ravencoin price is currently trading at $0.01658, decreasing by over 1.1% in the last 24 hours.

The RSI-14 trend line has surged from its previous level and currently hovers around 46-level, showing that bulls are slowly gaining the momentum of the price. The SMA-14 level suggests upward volatility in the next few hours.

Ravencoin/USDT 4-hour price chart: Bearish dominance surges around EMA trendlines

The 4-hour Ravencoin price chart suggests RVN continues to experience bearish activity near EMA lines, creating a negative sentiment on the price chart. As the price continues to hold below EMA lines, bulls are aiming for a break above the EMA20 trend line.

The BoP indicator is trading in a bullish region at 0.2, hinting that buyers are trying to build pressure near resistance levels and boost an upward correction.

However, the MACD trend line has formed red candles below the signal line and the indicator aims for a negative momentum, strengthening bearish positions. 

Ravencoin Price Predictions: Levels And Action

Daily Simple Moving Average (SMA) 

Daily Exponential Moving Average (EMA)

What to expect from Ravencoin price analysis next?

The hourly price chart confirms bears are making efforts to prevent the Ravencoin price from an immediate surge. However, if the Ravencoin price successfully breaks above $0.02, it may surge higher and touch the resistance at $0.029.

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If bulls cannot initiate a surge, Ravencoin price may drop below the immediate support line at $0.012, resulting in a correction to $0.008. 

Is Ravencoin a Good Investment?

A major factor behind Ravencoin’s prominence is its origin as a fork from the Bitcoin (BTC) network, the leading cryptocurrency. Ravencoin is tailored to facilitate the creation and transfer of digital assets between parties. It leverages Bitcoin’s proof-of-work (PoW) consensus mechanism, which underpins its technical framework. Miners anticipating a price increase in Ravencoin are drawn to its network, motivated by the prospect of receiving equitable rewards for their resources and efforts.

As RVN price is set to surge further, it can be a good investment option in the long run. As with any cryptocurrency investment, conducting thorough research is crucial before investing in RVN.

Why is the RVN Price Down Today? 

RVN price witnessed a bearish reversal following intense selloff over the last few days. The price is aiming for a drop below $0.017. 

Will RVN Price Reach $1?

RVN price might soon reach the $1 mark in 2040 if the buying demand continues to surge and Ravencoin attracts altcoin investors. 

Will RVN Price Reach $10?

Due to the effort of the community, Ravencoin Coin’s prices will continue to increase. However, there is currently no indication that the Ravencoin (RVN) Coin will reach $1000 in the near future, which is a long-term target.

Is RVN a Good Long-Term Investment?

RVN has gained popularity thanks to strong community support. However, it’s crucial to conduct thorough research into their long-term potential to determine if it represents a viable long-term investment.

Recent RVN News/Opinions

Currently, this project has no “recent” news. 

RVN Price Prediction September 2024

Over the last few days, RVN coin price has been on a downward trend and it aims to drop below crucial Fib levels. If the BTC price aims for a recovery above $65K this month, we might see a solid recovery in the RVN price. 

According to technical analysis, we might see the RVN price to record the maximum level of $0.029 and minimum price of $0.012 with an expected average trading price of $0.018 throughout September.

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Ravencoin Price Forecast 2024

The effects of Bitcoin Halving typically appear 12-18 months afterward, but 2024 might see a different trend due to heightened institutional interest and improved macroeconomic factors. 

Ravencoin’s price is expected to hit a low of $0.0198 and may reach a high of $0.0222 in 2024, averaging $0.0205.

Ravencoin Price Prediction 2025-2030

Ravencoin Price Prediction 2025

The price of Ravencoin is projected to reach at least $0.0291 in 2025, with a potential high of $0.0346, averaging $0.0301.

RVN Price Forecast for 2026 

In 2026, Ravencoin could reach a minimum of $0.0410 and a maximum of $0.0503, with an average price of $0.0425.

Ravencoin (RVN) Price Prediction 2027 

The price of Ravencoin is forecasted to have a minimum value of $0.0631 in 2027, potentially climbing to $0.0727, with an average of $0.0648.

Ravencoin Price Prediction 2028 

In 2028, Ravencoin’s price is expected to be at least $0.0918 and could rise up to $0.1082, with an average of $0.0950.

Ravencoin Price Prediction 2029 

Based on detailed analysis, Ravencoin’s price may start at a low of $0.1303 in 2029 and could rise to $0.1602, averaging $0.1341.

Ravencoin (RVN) Price Prediction 2030 

Ravencoin is expected to reach a minimum of $0.1844 in 2030, with a high potential of $0.2262, and an average price of $0.1911.

Ravencoin Market Price Prediction: Analysts’ RVN Price Forecast

Cryptopolitan’s Ravencoin Price Prediction

At Cryptopolitan, we are bullish on the Ravencoin price movements as the coin is expected to surge to new highs by the end of this year. Ravencoin’s price is expected to hit a low of $0.0198 and may reach a high of $0.0222 in 2024, averaging $0.0205. 

Ravencoin Historical Price Sentiment

• RVN price started trading at $0.028 in 2018’s March. 
• The price surged toward $0.07 in 2019’s June. 
• The price dropped later and headed toward $0.01 in 2020 and 2021. 
• However, in April 2021, RVN price skyrocketed above $0.2. 
• It failed to hold its bullish momentum and declined steeply in the following years. 
• In 2023 and recent months of 2024, RVN price has been consolidating around $0.02.