$RAVE (RaveDAO) has entered a high-volatility markdown phase as of December 24, 2025, following a sharp rejection from its recent all-time high of $0.7677 reached on December 21. Currently trading near $0.539 – $0.603, the asset has retraced approximately 30% in just three days as the initial hype from its mid-December listing spree on Binance Alpha, Kraken, and Bitget begins to cool. Despite its unique "Music + DePIN" narrative and real-world event revenue exceeding $3 million, the price is being weighed down by a 15.31% intraday decline and a 10% drop in 24h trading volume.
The technical structure is decisively bearish on shorter timeframes, with a "tug-of-war" occurring between airdrop-driven liquidity and heavy profit-taking from early investors who netted six-figure gains following the TGE. Indicators suggest a "Sell" sentiment as participants de-risk amid broader market weakness and centralization concerns, with the top 10 holders controlling roughly 40% of the total supply. The asset is currently struggling to maintain its footing above its post-launch stabilization zones as sell-side pressure intensifies.
Support and Resistance Levels
Immediate Resistance: A formidable supply wall is established at $0.64 – $0.67, aligning with the previous peak and the recent rejection zone.
Secondary Resistance: Stronger structural resistance sits at the all-time high of $0.7677.
Immediate Support: The current floor is being tested at $0.50 – $0.51, representing the recent 24-hour low.
Critical Support: A failure to hold $0.35 (7-day low) could trigger a rapid capitulation toward the $0.22 psychological floor as stop-losses are hunted.
The overall trend remains a "sell the rip" scenario as the market waits for the next phase of its "Rave for Light" initiative to drive genuine utility.
Short Trade Signal
Margin: Isolated 2% to 5%
Leverage: 10x – 20x (Caution: High volatility)
Entry 1: 0.615
Entry 2: 0.648
Take Profits: * TP1: 0.510
TP2: 0.365
Or Take Profit from 100% to 500% ROI
Stop Loss: 0.715
Short #RAVE Here