RVN is currently at 795 sats, having lost 2.8% of its value against BTC in the last 24 hours. Nevertheless, Ravencoin is still one of the best performing altcoins in the last year being at 108% up on bitcoin.
In terms of USD, Ravencoin is leading the bigger altcoins with its yearly gains (to day) that are at a stupendous +379.48% right now.
- RVN got rejected at an old resistance level of 950 sats.
- Breakout level is the above mentioned resistance.
- Breakdown level is MA200 at 650 sats
- Support level is the local bottom from May 14th at 574 sats.
As you can see on the chart, RVN is hovering around the Fib236 level at 815 sats and it will be of crucial importance for Ravencoin to close above this height. If it fails to do so, a drop to the 769 sats or even 727 sats is on the horizon.
Here is a more granular view of the 4H timeframe:
In other news, Ravencoin Android Wallet with asset support is ready to ship.
Release of this Android Wallet completes the plan to have RVN and Ravencoin assets work across all six platforms (Windows, Mac, Linux, Android, iPhone, Web).
If you are using the Ravencoin Android Wallet for the first time, just make sure you get the newest one (not Classic) and you’re all set. No Migration needed. Enjoy!
If you have been using the Android RVN Wallet, now called RVN Wallet Classic, then you need to migrate your RVN to the new wallet.