This is the $RAVE daily chart. Since April 10, daily volume has been declining while price continues to move upward. This kind of move is usually driven by retail participation traders are buying and even shorting into strength while whales are simply holding large positions.

The main reason $RAVE hasn’t dumped yet is the lack of real selling pressure. There’s no significant sell volume in the market, and funding is still negative, which suggests the majority is positioned against the move.

But this kind of structure doesn’t last forever. Once whales start offloading their positions, the move can unwind very aggressively. If that happens, $RAVE could drop hard even 70–80% within one or two strong candles.

📌 Not financial advice. Do your own research (DYOR)