Ravendex maintains prices below $0.0034: What’s next?

🚀 Stay Ahead with AltcoinDaily.co! 🌐

Ravendex price analysis for April 18, 2022, comes on a bearish note for the token as chances of losing the $0.0033 as support seem considerable for now. On the other hand, we have seen a lot of negative movement recently surrounding the RAVE token as the crucial zone of $0.004 price zone remains a crucial zone for RAVE bulls. Furthermore, the nearest support for the price action rests at $0.0032, as per our RAVE price analysis for April 18, 2022.

The daily candle for Ravendex opened at a price of $0.003305 and reached a daily high of $0.00341. Furthermore, the daily low for RAVE stands at a price of $0.003222. At the time of publishing, the price of 1 RAVE is $0.00336.

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.

  🌟 Unlock Crypto Insights with AltcoinDaily.co! 💰

Ravendex price analysis for April 18 on the daily candle

Ravendex price analysis for April 18 will consider the data from the daily chart below which includes 3 indicators on the daily chart.

Source: TradingView

The RSI indicator reads a value above 40 which confirms that in the fight between the bulls and the bears, the bulls are currently winning. 

On the other hand, the MACD indicator shows that the MACD line is touching the signal line which means that the chances of a bearish divergence seem quite high for Ravendex. 

 🦂 AltcoinDaily.co is your trusted source for the latest in crypto news and insights. 🚀

The price action for the RAVE token has dropped to the lower end of the Bollinger Bands which confirms that we can expect a bearish breakout in the near future.

Conclusion

The Ravendex price analysis for April 18, 2022, ends on a bearish note for the token as the chances of losing the $0.0033 price zone in the near future seem quite high.

 🔍 Your Crypto News Hub: AltcoinDaily.co! 🌐