Ravencoin: Capitulation, Clean-Up, and the Comeback!

Summary

Fantastic action from Ravencoin!
Ravencoin (RVN) just delivered the kind of move that often marks true capitulation — a sharp flush that cleared leveraged positions, followed by an equally impressive recovery.

Analysis

Capitulation confirmed: The vertical drop washed out weak hands and excessive leverage. Volume spikes and long lower wicks are classic signs of exhaustion.

Structure intact: Despite the volatility, RVN remains within its broader wedge formation. Support held, and the price rebounded fast — a strong technical sign.

Momentum reset: RSI and Stoch RSI have reset from overheated levels, giving room for a sustainable upside push.

This kind of “wash and recover” pattern often appears right before trend reversals, when leveraged traders are forced out and real accumulation begins.

Outlook

If follow-through continues and the price closes back above the midline of the channel, the next move could target the upper wedge resistance — potentially the start of a new leg upward.

The market just flushed the leverage; now it may be time for the real move.