$RAVE is trying to stabilize after a heavy intraday selloff, but the structure still leans bearish for now. The bounce from the 0.72 zone shows buyers are reacting, yet price is still stuck below key resistance around 0.79–0.82. Until that level flips, this looks more like a temporary relief move rather than a true reversal. The market hasn’t shown strong conviction from bulls yet.
What’s interesting here is the shift in momentum selling pressure is slowing, but not gone. If RAVE manages to break and hold above 0.79, the next push could come fast toward 0.82+. But if it fails here, expect another sweep of the 0.72 lows, maybe even lower. This is one of those spots where patience pays either wait for confirmation or play short-term moves with strict risk control.
