Ravencoin May Be Set for a new Rally
Ravencoin (RVN) is up 2.2% to $0.0121 this week, closely tracking the broader market, where Bitcoin (BTC) is rising by 1.1% to $83,398. Amid an ongoing correction, altcoins remain under pressure, with RVN nearing its key support level at $0.0100 last Tuesday. Historically, prices have never fallen below this threshold, and each time they approached it, a prolonged consolidation phase of three or more months followed, eventually leading to a strong rally.
If Bitcoin embarks on a new bullish trend toward $150,000–$200,000, altcoins like RVN could follow suit in the coming months, mirroring past market cycles.
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