$RAVE just did what most squeeze-driven tokens eventually do.
It pumped vertically, trapped shorts, attracted late buyers at the top… and then the structure broke almost instantly.
The moment price lost support after that blow-off move, the trend stopped being bullish and started becoming a liquidity exit event.
Now look at what’s happening carefully. Lower highs are forming. Support zones are failing instead of holding.
Bounces are getting weaker. That’s not accumulation. That’s distribution after a squeeze.
Tokens that move like this rarely stabilize at mid-levels. They usually continue sliding toward the deepest liquidity pocket left below the chart.
And right now, that pocket sits dangerously close to the $1 zone.
If selling pressure continues at this pace, RAVE moving toward $1 won’t be surprising.
It will be the natural completion of the squeeze → trap → unwind cycle most traders recognize too late. 📉🔥
