RVVUSDT has recently attracted a lot of attention. This coin has increased by 69.45% over the past 12 months, and the long-term upward momentum remains clear. More interestingly, the price recently broke through the descending wedge and is now around $0.003855. From a technical perspective, it has completed its decline and is currently in a healthy correction zone, laying a good foundation for a subsequent rebound.
The key support level is at $0.003628. Based on the current position, the short-term downside space is actually limited. Oscillator indicators are now in a neutral state, with no signs of extreme bearishness. Considering the growth expectations for the next few years, from a bullish and bearish logic, there are more reasons to go long at this price level. Of course, any trading decision should be made according to your own risk tolerance.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
7 Likes
Reward
7
5
Repost
Share
Comment
0/400
GhostChainLoyalist
· 01-09 09:00
Is this the only increase after the wedge breakout? Come on, let's wait and see if it can stabilize.
View OriginalReply0
4am_degen
· 01-09 08:59
The wedge has broken, this move is quite interesting.
View OriginalReply0
RadioShackKnight
· 01-09 08:44
Has the wedge broken out? Then just wait for the rebound, the support is still there.
View OriginalReply0
liquidation_watcher
· 01-09 08:44
The wedge breakout feels promising.
View OriginalReply0
SandwichTrader
· 01-09 08:38
Are you tired of wedge breakouts? Can RVVU really take off this time?
RVVUSDT has recently attracted a lot of attention. This coin has increased by 69.45% over the past 12 months, and the long-term upward momentum remains clear. More interestingly, the price recently broke through the descending wedge and is now around $0.003855. From a technical perspective, it has completed its decline and is currently in a healthy correction zone, laying a good foundation for a subsequent rebound.
The key support level is at $0.003628. Based on the current position, the short-term downside space is actually limited. Oscillator indicators are now in a neutral state, with no signs of extreme bearishness. Considering the growth expectations for the next few years, from a bullish and bearish logic, there are more reasons to go long at this price level. Of course, any trading decision should be made according to your own risk tolerance.