Ravencoin (RVN) is down 2.8% this week to $0.01830, tracking the broader crypto market decline, where Bitcoin (BTC) is down 0.5% to $104,265.
Crypto markets remain under pressure due to Donald Trump’s tariff threats against Colombia and panic surrounding China’s DeepSeek R1 chatbot. Now, Trump is threatening tariffs on imports from Canada and Mexico starting February 1. If these threats materialise, risk assets, including cryptocurrencies, could face further downside.
From a technical perspective, RVN is targeting key support at $0.0150, which would mark an 18% decline from current levels.