⠀Ravencoin price: 350 SATS ⠀Key RVN resistance levels: 394 SATS, 445 SATS, 517 SATS ⠀Key RVN support levels: 337 SATS, 0307 SATS, 291 SATS

*Price at the time of writing

Ravencoin price long-term prediction: Bullish

After weeks of inactive trading, Ravencoin finally made a notable increase in the last 48 with a big surge in volume and volatility. With a +16% gain accompanied by $39 million in volume, RVN now commands a market cap valuation of $126.3 million.

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Following the current surge, the 42nd largest cryptocurrency is currently priced at 350 SAT or approximately $0.0253. A look at the daily chart suggests that more positive movement might come into play soon. The next key resistance is near at the 394 SAT and 445 SAT levels, where the yellow regression line lies.

Meanwhile, there's further resistance expected at 517 SAT if the market breaches the yellow line. Moreover, such a breakout would signal a bullish confirmation for the RVN market.

However, if a pullback occurs, RVN is likely to find support at 337 307 SAT. More so, Ravencoin may turn bearish again if the price drops further to 291 SAT. Currently, there's no significant move on the daily MACD indicator but the daily RSI indicator has respected the latest bullish actions, showing that buyers are entering the market.

Ravencoin price medium-term prediction: Bullish

A bigger picture of the latest positive scenario is more clearly revealed in the 4-hour time-frame. More so, Ravencoin broke the yellow parallel line that has been serving as resistance since November 10. Due to the sharp price surge, RVN is now trading well in the positive zones of the technical indicators but a correction may occur soon.

RVN held the key support at 330 SAT. The bullish momentum may continue if the buyers keep pushing the price higher. Rising above the previous rejection level (366 SAT) could lead Ravencoin to print a new daily high. However, a look at the current 4-hour candle reveals that a pullback is likely.

Ravencoin price short-term prediction: Bullish

The last 24 hours of buying activity have successfully brought Ravencoin out of a no-trade zone over the past days. Additionally, the increase in trading volumes has been a major factor for the recent volatility in the market. Looking at the hourly chart, Ravencoin has been indecisive over the past two hours, which means there could be a change in price soon.

On the RSI, the price has reached an overbought region where a possible sell-off could play out shortly. Conversely, the hourly MACD shows a sharp positive movement in price. A downward correction may cause a price drop to 330 SAT. On the upside, the price of RVN may reach 370 SAT if the buyers resume pressure in the market.

Conclusion

Considering the positive surge of +16% across the trading pairs, Ravencoin could reach 500 SAT in the next few days. Looking at the yellow rejection level on the daily chart, however, it might be a bit difficult for the bulls to surpass this level unless buying pressure intensifies considerably. For now, RVS is poised for a short-term bullish move.