$RAVE Vertical Spike From Zero. Where Does It Go From Here?

$RAVE was trading flat near $0.20–$0.30 for months - then exploded vertically to nearly $7.50 in a single move. Price is now holding at $6.37649, up +2.09% on the day, sitting just below the teal dotted resistance level.

There's no technical structure below this move - no prior demand zones, no consolidation bases. That means if price starts unwinding, there's nothing to catch it until the $2.00 - $3.00 range, and below that, the pre-pump levels near $0.50.

If $6.00 holds as support and the dotted resistance at $6.50 breaks cleanly, a push toward $8.00–$9.00 is possible. But a vertical candle with no base is fragile - one large sell order changes everything.

$RAVE has no chart history to trade off above $1.00 - this entire move is pure momentum. Momentum cuts both ways, and there's no floor below if it turns.

#Rave #Ravencoin #BTC