$RVN
another dino coin where on the weekly chart, we can see that the price is defending an important demand zone. Every time it tries to fall below it, it is immediately rejected: there is no continuity in the downward movement; on the contrary, we immediately see absorption.
This type of reaction usually indicates that someone is calmly accumulating, without leaving too many traces.
On the daily chart, the behaviour is even more evident: the price has remained below the trend line for days, but continues to return there as if testing the limit. This is no coincidence: pressure is building. There is no need for a vertical pump, just a clean close above that trend line. If the price manages to turn it into support, sentiment will change and a broader movement may begin.
44.15K
372
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.