RVN PLUNGES THROUGH KEY SUPPORT 📉⚡
RVN slumped through the 4‑hour order block, breaking the $0.002254 support cluster and hugging the day’s low of $0.002243, a clear sign of aggressive selling pressure 😞.
The breach erased the last pocket of buying liquidity and triggered a cascade of short‑covering exits, pulling volume past $22 M and accelerating downside momentum. With the price now testing the $0.002254 floor, the structure resembles a descending channel rather than a temporary pullback, suggesting a structural breakdown rather than a healthy correction ⚡. Resistance at the $0.003081 zone remains out of reach, and the mid‑range $0.002669 area offers little cushion as sellers dominate the order flow 📉. Institutional order flow appears to be net negative, as the net delta on the 1‑hour chart flips into the sell side, reinforcing the bearish bias 😞. If the price can hold above the $0.002254 floor, a brief consolidation could emerge, but any slip below would likely expose deeper liquidity clusters.
Levels to monitor:
Watching support around $0.002254
Structure suggests resistance near $0.003081
Mid range area: $0.002669
DYOR
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#RVN #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare
RVN slumped through the 4‑hour order block, breaking the $0.002254 support cluster and hugging the day’s low of $0.002243, a clear sign of aggressive selling pressure 😞.
The breach erased the last pocket of buying liquidity and triggered a cascade of short‑covering exits, pulling volume past $22 M and accelerating downside momentum. With the price now testing the $0.002254 floor, the structure resembles a descending channel rather than a temporary pullback, suggesting a structural breakdown rather than a healthy correction ⚡. Resistance at the $0.003081 zone remains out of reach, and the mid‑range $0.002669 area offers little cushion as sellers dominate the order flow 📉. Institutional order flow appears to be net negative, as the net delta on the 1‑hour chart flips into the sell side, reinforcing the bearish bias 😞. If the price can hold above the $0.002254 floor, a brief consolidation could emerge, but any slip below would likely expose deeper liquidity clusters.
Levels to monitor:
Watching support around $0.002254
Structure suggests resistance near $0.003081
Mid range area: $0.002669
DYOR
Follow for Updates
#RVN #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare