Ravendex breaks above $0.0035 as investors call for $0.004

Ravendex price analysis for April 14, 2022, comes on a bullish note for the token as chances of losing the $0.0035 price region seem quite low. Furthermore, the token has held support above the $0.0032 price region which means that higher prices might follow in the near future. As noted in our RAVE price analysis for April 13, 2022, bears fell down to $0.0032 after all the support levels below $0.004. On the other hand, the token has a huge resistance at the $0.005 price region. 

The daily candle for Ravendex opened at a price of $0.00361 and reached a daily high of $0.00374. Furthermore, the daily low for RAVE stands at a price of $0.0035. At the time of publishing, the price of 1 RAVE is $0.003529.

The data from CoinMarketCap shows that the trading volume for the RAVE token has surged 12.60% in the last 24 hours, followed by an 8.54% surge 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 14 on the daily candle

Ravendex price analysis for April 14 will take into consideration the data from the daily chart below which represents 3 of the biggest indicators integrated into the daily chart.

Source: TradingView

The RSI indicator reads a value slightly above the 40 region which confirms that investors can expect a little bit of optimistic movement in the coming days. 

The MACD indicator shows that the MACD line and the signal line are very close to each other as a bullish divergence might be seen for the Ravendex token in the coming days. 

The price action for RAVE is currently situated in the lower end of the Bollinger Bands which means that chances of a bearish breakout might be possible in the near future. 

Conclusion

The Ravendex price analysis for April 14, 2022, ends on a bullish for the token as chances of retaining prices above $0.0032 are high.