$RAVE Just Went Vertical… But Now It’s Testing Patience
This move caught a lot of people off guard. From around 5.58 straight up into the 9.6 zone, that’s a clean expansion phase with strong momentum behind it. But right now, the chart is no longer trending clean — it’s shifting.
After printing the high near 9.66, price started stalling. You can see multiple rejections around that level, followed by lower highs forming. That usually tells you momentum is cooling off, not dead, but definitely not aggressive like before.
Now price is hovering around the 9.0–9.05 area, which is acting like a short-term pivot.
Here’s the structure in simple terms:
Resistance: 9.6–9.66 (clear rejection zone)
Support: ~8.0–8.1 (where buyers stepped in after pullback)
Mid-zone: ~9.0 (current battle area)
Volume also peaked during the push and is now declining. That matters. It shows participation dropped after the impulse, meaning continuation needs fresh interest.
MACD is flattening out as well, losing bullish momentum. Not a reversal signal alone, but it supports the idea of consolidation.
So what’s happening?
Right now, this looks like a classic post-pump range forming between 8.0 and 9.6. Price is compressing, and usually that leads to a breakout later — direction depends on which side breaks first.
If 9.6 gets reclaimed with strength, continuation could open up again.
If 8.0 gives way, then the structure weakens and deeper pullback becomes likely.
At this moment, price behavior suggests consolidation after a strong move — not weak, but no longer trending clean either.
Short-term view: range-bound with slight loss of momentum.
#crypto #RAVE #trading #Altcoin #priceaction