The Rise & Brutal Fall of $RAVE: How Shorts Fed the Monster… Then Got Swallowed ⚠️
Just days ago, $RAVE was the biggest story in crypto.
It skyrocketed from almost nothing to a peak of 28,300 — a staggering +6,000% move in a very short time. The rally was 100% fueled by a massive short squeeze. Traders piled into shorts, expecting a reversal… but every new high liquidated even more shorts. Over $43–44 million in futures shorts were wiped out. The shorts literally fed the pump — and the pump swallowed millions.
Now the music has stopped.
$RAVE is currently trading at 1,193.45 — down a brutal -95.03% from its recent peak. From the high of 28,300, it has already crashed over 95%. The 24h low touched 0,22785.
Current Chart Analysis:
• Price has completely collapsed below the lower Bollinger Band
• Mid Bollinger is now at 4,543
• RSI(6) sits at 37.97 — still oversold but starting to show slight recovery signs
• Volume remains extremely high, now driven by heavy panic selling
PulZ Take: This was a classic parabolic short-squeeze pump followed by total capitulation. The same force that created the insane rally has now reversed violently.
A dead-cat bounce toward the mid Bollinger (4,500 – 6,000) is possible because of the oversold conditions, but any sustainable recovery would require strong new buying volume and fresh narrative — both of which are currently missing.
Most likely scenario in the short term: continued weakness or slow bleed until the forced liquidations fully exhaust.
The frog flew too high… and the fall was devastating.
Will $RAVE find a bottom soon, or is this the end of the hype cycle? What’s your prediction? Drop it below 👇
— PulZ | Full market analysis & real-time alerts
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