RAVE Eyes a Major Breakout! Will It Retest $3.17? 🚀
$RAVE has shown incredible strength today, surging over 38%. After hitting a 24h high of $3.17, the price is currently consolidating around the $2.84 level. The chart shows a steady recovery after a brief dip, suggesting that bulls are still very much in play.
⭕Key Levels to Watch:
🔹Resistance: $2.97 – $3.17 (Breaking past the recent high of $3.17 could lead to a massive price discovery phase).
🔹Support: $2.70 – $2.72 (This is a crucial area; as long as $RAVE holds above this, the bullish structure remains intact).
⭕Trading Outlook:
The volume is high ($1.56B), which indicates significant market interest. If the price manages to flip the $2.97 level into support, we could see a quick move back toward the local top. However, keep an eye on the $2.71 zone for any signs of a deeper pullback.
🔹Next Target: $3.10 – $3.25+
🔹Stop Loss: Below $2.65
What’s your move on $RAVE : Are you riding the pump or waiting for a short opportunity? Let me know in the comments! 👇
