$RAVE just Formed one of the most classic exhaustion tops you’ll ever see.
After the aggressive short squeeze and vertical candles, the chart didn’t build support it collapsed straight through moving averages like they didn’t exist.
That’s not strength. That’s distribution happening fast. Smart money exits quickly when liquidity peaks.
Now price is already losing structure below key trend support, and the momentum shift is obvious.
When tokens move like this after a squeeze phase, they rarely stop midway.
They usually continue hunting lower liquidity zones where trapped longs finally capitulate.
If this pattern continues the way most squeeze-driven altcoins behave, RAVE moving toward the $1 zone is not extreme it’s typical behavior after a blow-off top event like this.
Watch the candles carefully.
Watch the failed bounces.
Watch the volume on drops.
Because when liquidity disappears, charts don’t drift down.
They fall. 📉🔥