I’ve been tracking the intense volatility on $RAVE /USDT, and the technicals currently paint a heavily bearish picture following a massive capitulation event. After a devastating -95.11% drop, the price action is currently pinned below all major moving averages on the 15m chart, with the MA(99) at 7.70810 acting as a distant, unreachable ceiling. While we are seeing minor consolidation around the 1.23558 level, the lack of aggressive buy-side volume and the steep downward slope of the MA(7) and MA(25) suggest that the market is still in a distribution phase rather than a true accumulation bottom.

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