$RAVE USDT PERP 15M UPDATE
$RAVE is trading around 0.3067 after a sharp breakdown from the 0.46 region, confirming strong bearish dominance. Price is deeply below EMA 7 at 0.3176, EMA 25 at 0.3713, and EMA 99 at 0.3975, showing a clear trend reversal and heavy distribution phase. The aggressive red candles reflect panic selling and lack of dip buying strength.
The recent low near 0.2975 is acting as immediate short-term support. Price is attempting to stabilize but structure remains fragile. MACD is heavily negative with expanding red histogram, signaling strong downside momentum though selling pressure is slowly cooling. Any bounce at this stage looks corrective unless key levels are reclaimed.
Immediate resistance is stacked at 0.317 to 0.326. A rejection here can push price back toward 0.297 and a breakdown below this level may open the door to 0.285 and 0.270. Bulls need a strong reclaim above 0.33 to shift momentum and trap late shorts.
Trend remains bearish, volatility is high, and the next move will be decisive. Weak bounces favor continuation trades, while support loss could trigger another fast leg down. Risk management is critical in this zone.
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