RVN/USDT — Descending Triangle: Breakout or Breakdown?Ravencoin (RVN) is now standing at one of its most critical levels since 2021. On the weekly chart, we clearly see a Descending Triangle pattern:
Lower Highs pressing the price down for years.
Strong demand zone around 0.00712 – 0.0130 USDT still holding as the last defense for buyers.
Price is now sitting right at the triangle’s apex, which means a major move is coming soon — either breakout or breakdown.
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🔎 Technical Breakdown
Main pattern: Descending Triangle (statistically bearish, but positioned at strong demand).
Historical support: 0.00712 – 0.0130 (tested since 2021, sign of strong accumulation).
Descending trendline: rejected every rally since 2021, still intact.
Key resistances ahead: 0.0190 → 0.0237 → 0.032 → 0.050 → 0.128.
Major high: 0.2929 (far above, but valid long-term target if structure flips bullish).
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🟢 Bullish Scenario
Trigger: Weekly close above descending trendline + successful retest, or breakout above 0.0190 USDT.
Additional confirmation: Strong volume breakout + weekly RSI reclaiming 50 or showing bullish divergence.
Upside targets:
1. 0.0190 (first resistance)
2. 0.0237 (historical barrier)
3. 0.0322 (trend reversal confirmation)
4. 0.0503 (major breakout level)
If momentum holds → potential extension toward 0.128.
Takeaway: A clean breakout could mark the first long-term bullish trend reversal for RVN in years.
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🔴 Bearish Scenario
Trigger: Weekly close below 0.00712 USDT with strong volume.
Consequence: Breakdown from multi-year support → “last fortress” of buyers destroyed.
Downside target:
Retest 0.0071 (historical low). If lost, RVN may enter deeper price discovery zones.
Invalidation of bearish case: Price reclaiming above 0.0190.
Takeaway: Losing this demand zone could trigger a strong continuation to the downside.
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⚖️ Big Picture
RVN is at a make-or-break point:
Breakout above → long-term trend reversal and new bullish cycle.
Breakdown below → bearish continuation with risk of new lows.
This is not just a technical setup; it also reflects overall crypto market sentiment. Bitcoin’s next major move will heavily influence RVN.
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🎯 Strategy
Conservative traders: Wait for weekly close confirmation (breakout or breakdown).
Aggressive traders: Consider entries inside the demand zone with tight stops below 0.0070.
Risk management: Crucial! Weekly setups often bring big moves.
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📌 Conclusion
RVN/USDT is “squeezed” at the apex of a descending triangle right on a multi-year demand zone.
Bullish case: breakout → 0.019 → 0.023.
Bearish case: breakdown < 0.0071 → opens the door for new lows.
Whichever direction plays out, a major RVN move seems very close.
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