$RAVE is one of the most deceiving charts right now.
Ran 5000% from the bottom → $28 peak Then dumped hard, bottomed at 0.45 Now sitting around 1.8 after rejection from 2.68
Here’s the reality:
• Still far below EMA100 (5.4) & EMA200 (7.1) → no real trend recovery • MACD flipped positive → likely just a relief bounce • Volume fading → momentum not strong yet
Key zones: → 2.0 = breakout trigger → 2.5–2.7 = heavy supply zone → 1.5 = weak support (can break fast)
Yes, it can push 2.5 if volume comes in But this is NOT a clean market
When supply is controlled, price doesn’t respect TA it reacts to whoever holds the bags