Ravencoin (RVN) jumped over 150% in 24 hours, posting significant gains after the token was listed on Upbit, South Korea’s largest cryptocurrency exchange.
The announcement, made by Upbit on its official X account, stated the exchange would add trading support for RVN against the Korean won (KRW).
The surge lifted RVN to highs near $0.027, its strongest level since mid-December 2024.
Ravencoin Price — Upbit Sparks 150% RVN Rally
Upbit revealed support for the RVN/KRW market in a post on X, saying trading support for the altcoin would begin at 17:00 local time.
Known for its large trading volumes and broad South Korean user base, Upbit often triggers explosive demand for newly listed tokens.
That dynamic clearly drove Ravencoin’s sharp price rise.
The imminent listing of an altcoin regarded as one of the notable mineable tokens gave bulls the upper hand in the hours after the announcement.
CoinMarketCap data show the token more than doubled in value, rising from $0.010 to $0.027.
Some profit-taking trimmed those gains, but RVN still finished up more than 64% on the day, while intraday volume spiked roughly 4,255% to exceed $399 million.
RVN Price Outlook
Beyond the Upbit listing, Ravencoin has drawn renewed attention amid rising bullish sentiment for mineable proof-of-work coins.
Recently, the Ravencoin team posted on X that RVN is seeing increased interest from miners.
With its KAWPOW algorithm designed to resist ASIC dominance and encourage decentralized participation, many users who cannot mine BTC and other top coins have turned to Ravencoin mining.
This mining momentum, combined with the Upbit listing, could help fuel further upside for RVN. A fresh test of $0.027 is possible.
Ravencoin price chart by TradingView
Technical indicators, however, show the relative strength index (RSI) in overbought territory, suggesting a potential short-term pullback.
Conversely, the moving average convergence divergence (MACD) displays a bullish crossover, indicating that upward momentum may persist.
In a corrective scenario, Ravencoin could revisit the $0.014–$0.013 area for support. Renewed buying at that level and a successful retest of $0.02 could pave the way for another upward move. RVN previously reached highs of $0.034 in early December 2024.
On the downside, profit-taking could push RVN back toward $0.010 and potentially re-test the April 2025 lows near $0.009.