$RAVE is showing some weakness right now. The rally looks like it has been extended for quite a while, and momentum appears to be fading. Funding rates have also normalized, which suggests that speculative hype pressure is cooling off.
From a technical standpoint, the chart is starting to look like it’s entering a cooldown phase rather than continuing a strong impulsive move upward.
RAVEUSDT
Perp
25.9
+40.81%