Technical analysis by CryptoNuclear about Symbol RVN: Buy recommendation (7/2/2025)

📈 Weekly Technical Analysis: Ravencoin (RVN/USDT)🧠 Main Pattern: Descending Triangle ⚠️Ravencoin has been consolidating within a Descending Triangle since early 2021 — typically a bearish continuation pattern, but one that can lead to a massive trend reversal if the upper boundary is broken.🟨 Key Accumulation Zone:📍 Support Area: $0.01280 – $0.01080This zone has been tested multiple times and has shown strong buyer defense since 2022.📏 Dynamic Resistance:📍 Downward sloping trendline from the 2021 peak — currently acting as major resistance.🟢 Bullish Scenario: Breakout Ahead? 🌕🚀If RVN breaks above the descending trendline (~$0.01903) and closes strongly on the weekly chart, we could see a major uptrend unfold.🎯 Bullish Targets:🪙 $0.03217 — Minor horizontal resistance🪙 $0.05028 — Key psychological level🪙 $0.12842 — Major historical resistance🪙 $0.21221 — Long-term bullish target🔍 Breakout Confirmation Checklist: ✅ Weekly candle close above resistance✅ Strong volume spike✅ RSI rebound from oversold territory🔴 Bearish Scenario: Breakdown Warning ⚠️📉If price fails to hold the support zone at $0.01280:❌ First target: $0.01080❌ Breakdown risk: $0.00712❌ Breakdown from triangle may confirm long-term bearish continuation🎯 Conclusion & Strategy:📌 Price is nearing the apex of a multi-year compression pattern📌 A breakout could lead to exponential upside potential📌 Great setup for swing or position traders📌 Wait for confirmed breakout with volume before entry#RVNUSDT #Ravencoin #CryptoBreakout #TechnicalAnalysis #AltcoinSeason #DescendingTriangle #BinanceTrading #BreakoutSignal