Ravencoin in a Breakeven Point
Ravencoin (RVN) has experienced a notable surge of 10.7% to $0.0323, showcasing an impressive performance compared to Bitcoin (BTC), which added only 5.3% to reach $72,750 during the same period. This indicates that RVN is outperforming BTC.
There is potential for RVN to continue its upward trajectory towards $0.0350. Although its prices approached this level on Monday and Tuesday, they retraced afterward. It appears that the rapid ascent may have exhausted the current upside momentum for RVN. As a result, the token has not established a solid foundation for further upward movement. While there is a possibility for RVN to reach $0.0350, there is also a chance for it to retreat to $0.0300 for a retest. Both scenarios carry equal probabilities.
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