Ravendex price analysis for April 19, 2022, comes on a slightly bullish note for the token which was able to break into the $0.0036 price zone following a slight surge in buying pressure. On the other hand, the token has been following a bearish trajectory in the longer term owing to a lot of pressure that the bears are currently putting on the entire market. Furthermore, we noted in our RAVE price analysis for April 18, 2022, that the nearest support for the RAVE token stands at $0.0034 which hasn’t been broken for now.
The daily candle for Ravendex opened at a price of $0.003368 and reached a daily high of $0.003387. Furthermore, the daily low for RAVE stands at a price of $0.003286. At the time of publishing, the price of 1 RAVE is $0.003289.
The data from CoinMarketCap shows that the trading volume for the RAVE token has dropped 3.98% in the last 24 hours, followed by a 3.98% drop in the diluted market cap. It is also important to note that the all-time low was seen on January 11, 2022, at $0.00121, while the all-time high was $0.02453.
Ravendex price analysis for April 19 will consider the data from the daily chart below which includes 3 indicators that are very important in the TA space.
Source: TradingView
The RSI indicator reads a value below 40 while the gradient of the line is negative which confirms that the bearish trend for the Ravendex token will continue in the near future.
The MACD indicator shows that the MACD line and the signal lines are overlapping which confirms that price action will remain sluggish for the token.
The price action is situated in the lower end of the Bollinger Bands which confirms that lower prices might be seen by investors.
Ravendex price analysis for April 19, 2022, ends on a bearish note for the token as chances of RAVE remaining in a downtrend are high.
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