Ravendex turns bullish: Aims to take over the $0.0035 price level

Ravendex price analysis for April 21,2 022, ends on a bearish note for the token with high chances of retaining the $0.0034 price level.
Ravendex price analysis for April 21,2 022, ends on a bearish note for the token with high chances of retaining the $0.0034 price level.

Ravendex price analysis for April 21, 2022, comes on a bullish note for the RAVE token which has jumped nearly 5% in the last 24 hours. The token once again attempts to breach the $0.0035 price zone and make a move towards the long-time lost support and now resistance of $0.004. If this price region is reclaimed by the bulls and prices hold above $0.004, investors can expect further bullish movement. On the other hand, as noted in our RAVE analysis for April 20, 2022, the nearest support for now is $0.0032.

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 4.64% in the last 24 hours, followed by a 5.07% 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 21 on the daily candle

Ravendex price analysis for April 21 will consider the data from the daily chart below which includes 3 indicators integrated into it.

Ravendex price analysis
Source: TradingView

The RSI indicator rests around the 50 level while the gradient of the line suggests that bulls are gaining ground in the short term. 

Moreover, the MACD indicator shows that the MACD line is touching the signal line and investors can expect a bullish breakout for Ravendex if the bullish surge continues. 

The price action is situated in the lower end of the Bollinger Bands but is retesting the middle zone of the Bands and aims to enter the bullish region.

Conclusion

Ravendex price analysis for April 21, 2022, ends on a bearish note for the token with high chances of retaining the $0.0034 price level in the short term.

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