Affected by macro risk aversion sentiment and liquidity tightening, RVN remains in a short-term oscillation between 0.0055–0.0058, showing an overall weak trend. If effectively breaking below 0.0055, it will test the 0.0053 support; if market risk appetite improves, focus on resistance above 0.0058–0.0060. It is recommended to maintain a strategy of selling high and buying low, closely follow macro risks and Bitcoin movements, and participate cautiously in short-term trading.

Recently, credit risks have continued to emerge, coupled with intensified volatility in natural gas and oil prices, and high inflation suppressing corporate earnings expectations, leading to heightened overall risk aversion in the market. With tighter liquidity and increased uncertainty, risk asset liquidity is under pressure, making it difficult for the crypto market to shake off a short-term weak and choppy pattern.

From the daily chart, RVN's single-day trading volume surged to 325 million on March 17, with the price briefly spiking to 0.00702 before quickly retreating and closing at 0.00594. In the following days, it has been consolidating narrowly within the 0.0055–0.0058 range. Currently, around 0.0055 is the short-term bullish defense zone, while 0.0058–0.0060 is the initial resistance above. Trading volume has significantly shrunk compared to the previous peak, indicating a phase of probing between bulls and bears.

In the context of increased macro risk aversion and liquidity tightening, RVN is expected to continue a weak range-bound pattern in the short term. If the 0.0055 support is broken, there is potential to test the 0.0053 area; if risk appetite recovers in major assets like Bitcoin, funds may return, and resistance at 0.0058–0.0060 can be challenged again. It is advised to closely monitor macro risk events and Bitcoin trends, focusing on a strategy of selling highs and buying lows within the range.

Ravencoin

It’s not a given that the European Central Bank’s next move on interest rates will be a hike, according to Governing Council member Martins Kazaks.

Kazaks: Will not oppose bets on two interest rate hikes this year

Waller: Rapid resolution of the Middle East situation may allow for interest rate cuts later this year.

Waller: Overall PCE inflation year-over-year in March may reach 3.5%

The Federal Reserve's Waller expressed caution regarding interest rates, warning of the risks of prolonged warfare.

Fed's Daly: Rates May Remain Unchanged

Daly: The federal funds rate is slightly above the neutral level of 3%.

UBS Expects 50 bps Fed Rate Cuts as Gov Miran Downplays Inflation Risks

Federal Reserve's Daly: On hold regarding interest rates.

Easing tensions in the Middle East combined with rising expectations of interest rate cuts have pushed gold close to $4,900.

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Live chart for Ravencoin to USD conversion. Check out RVN to USD prices in real time. Convert, buy, sell, and trade Ravencoin on Bybit.

Ravencoin Price: RVN Live Price Today | RVN Market Cap & Chart Analysis | Bybit

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RVN price today is 0.01, with a live price change of 3.52 in the last 24 hours. Convert, buy, sell and trade RVN on Bybit.

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