$RVN Technical Analysis - Binance - Current Price: $0.02564 - Target: $0.0275

$RVN has seen a sharp decline of -5.04% in the last 24 hours, trading at $0.02564. With significant inflow and outflow patterns, let's analyze the key data points to assess potential movements and targets for $RVN in the short term.

Key Trading Data:

Current Price: $0.02564 (down by 5.04% in the last 24 hours)

Large Inflow (RVN): 13.73 million RVN

Medium Inflow (RVN): 54.48 million RVN

Small Inflow (RVN): 46.70 million RVN

Money Flow Analysis:

Large Inflow: A large outflow of -2.28 million RVN in the last 24 hours signals a selling trend from bigger players, likely contributing to the current decline.

Medium Inflow: Medium traders are also showing a slight outflow of -1.35 million RVN.

Small Inflow: However, smaller traders have shown a strong inflow of 43.98 million RVN, indicating buying interest from retail investors despite the overall bearish trend.

Inflow Data:

24-hour Inflow: Total inflow of 1.91 million RVN, with a large inflow of 531,245.20 RVN.

Outflow: Total outflow in the last 24 hours was -909,130.60 RVN, with large selling pressure continuing.

Market Sentiment:

The market sentiment for RVN/USDT remains bearish in the short term, as highlighted by the price decline and the dominance of large outflows. However, the small inflow suggests potential support from retail traders, indicating the possibility of a recovery or stabilization if the price holds key support levels.

Support and Resistance Levels:

Support Level: The next major support is around $0.0250, with potential for further downside if selling pressure persists.

Resistance Level: If RVN starts to recover, expect resistance around $0.0275 and $0.0300, where recent highs were observed.

Target Price:

Short-term Target: If the market shows signs of recovery, a move toward $0.0275 is possible, provided the price stabilizes above the support level.

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