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Market Overview
The RVN/TRY pair closed at 0.3441 TRY, slightly down by 0.38% from the previous close of 0.3454, continuing a downtrend evident over the past 30 days with a 4.36% decline. The price remains below the 20-day SMA of 0.3452 and the 50-day and 200-day DMAs, confirming bearish momentum. The RSI indicates weakening buying pressure, while key support is near 0.3421 and resistance around 0.3467. No major upcoming events are currently expected to influence price action. Technical indicators suggest continued downward pressure with possible consolidation near current levels. For information only.
Last Updated 1/15/26

Sam Bourgi is an analyst, writer and financial market commentator featured in and cited by U.S. Congress, Department of Justice, Chicago Board Options Exchange, Barron's and Forbes. He covers stocks, bonds, mutual funds, ETFs, forex, Bitcoin, cryptocurrency, real estate and macroeconomics. He has written over 25,000 articles and over 40 whitepapers and e-books.