Ravencoin (RVN) is down by 2.3% to $0.01570 this week, significantly underperforming the broader crypto market, where Bitcoin (BTC) is up by 0.3% to $118,450. Ravencoin had a standout performance in June, surging by 124% to $0.02426 after gaining momentum from its listing on the Upbit exchange. However, the token pulled back sharply to $0.01248 in early July before recovering above the key resistance level at $0.01500.
While a retest of the $0.01500 support remains possible, the broader market outlook suggests the upside is more likely. The crypto space is seeing renewed optimism, especially after Trump Media and Technology Group announced it had purchased $2.0 billion worth of Bitcoin. With major players onboard, BTC could continue its climb toward $150,000, potentially lifting altcoins like Ravencoin along the way.
