REVAIN Price Analysis: REV Token Rallies Higher, Ready To Grow More

  • REV token price continues to grow within a recently made bullish engulfing candle.
  • REV trades above all the crucial EMAs, projecting bulls are overpowered.
  • The token pair REV/BTC trades with a fall of -0.36% at 0.0000002731 BTC.
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REV token price value has been increasing as the sudden rise in demand met near the support level of $0.0055. The bullish rise in sentiments has led to a price jump of more than 190% in the past month.

The price jump in the crypto asset’s price chart has driven all the crucial EMAs in the chart higher and may soon result in the bullish crossover, which will result in the bullish alignment of the EMAs.

Investors could observe a price jump of 20% to 30% if the price breaks above the $0.0176 mark. Conversely, investors could observe a fall of the same magnitude or even worse if prices plunge dramatically.

The REV Token is currently trading at $0.01309, with a -4.49% market capital fall within the past day, projecting a decreasing growth rate as the price struggles near resistance.

The intraday trading volume of REVAIN has fallen by 17% in the past 24-hours, indicating a fall of interest among investors with bullish intentions.

Uptrend Becomes Questionable In REV Price Chart

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The 4-hour price chart shows that REV token prices saw an increase in trading volume. However, the price action struggles to rise above the resistance pivot level. As evident by the recent reversal from the level.

The technical analysis of REVAIN price action suggests that a bullish breakout could have difficulties rising above $0.01076 to $0.021. However, if prices break the 50-day EMA, the bearish tendency could drop below more than 30% to 50%.

The RSI indicator (Bullish) indicates bullish momentum once RSI crosses above the oversold zone.

The ADX indicator signifies a boom in the momentum of the price trend.

Overall, the trend is growing in strength, and the underlying bullishness is rising, according to the ADX & RSI.

Conclusion – REV Token Price may rise higher after the breakout of $0.01076, suggesting an uptrend that may shortly result in forming a new 52-week high.

Support – $0.0106 and $0.0086

Resistance – $0.01076

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