SasanSeifi| Bulls in Control with $0.028 and Beyond!!Hey there, ✌ In this analysis, we examine the price movement of BINANCE:RVNUSDT cryptocurrency in the daily timeframe. As observed in the chart, the price of RVN entered a bullish phase from the demand zone at $0.015. After successfully breaking the supply zone and the descending trendline, the price underwent a pullback to the broken level and is now experiencing slight positive fluctuations, currently trading around $0.02468.
Based on the overall market conditions and the daily price trend, the analysis leans towards a more bullish outlook in the medium-term. RVN is expected to rise to around the $0.028 level, followed by a minor correction before continuing its upward movement towards medium-term targets at $0.030, $0.031, and $0.034.
To better understand the ongoing trend, we need to observe how the price reacts to the supply zone. If the price manages to break through this zone, the bullish trend will likely continue with strong momentum. Key support levels in the daily timeframe are currently in the range of $0.022 to $0.020.
💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions!
Happy trading!✌😎
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
