The $RAVE Round Trip: Dead Cat Bounce or Genuine Reversal?
We have just witnessed one of the most extreme market cycles on RAVEUSDT. After a staggering parabolic run from the $0.50 baseline up to $28.30, the asset has experienced a brutal capitulation, returning precisely to its initial launch zone.
Currently, RAVE is showing a +116% relief rally, pushing the price back above the $1.07 mark. The timeline is asking if the next run to $28 has already started.
From a technical structure perspective, expecting an immediate V-shape recovery to all-time highs is a dangerous trap. The recent sell-off inflicted massive structural damage on the higher timeframes. A 100% bounce from absolute lows is standard in high-volatility environments and often serves to trap late buyers rather than spark a macro uptrend.
The logical expectation here is a phase of prolonged consolidation or the establishment of lower highs. A true recovery will take time to build a new foundation. I am watching for structural confirmation, not chasing sudden green candles.
Are you buying this dip, or waiting for a confirmed higher low? Drop your technical views below.
