After being among the top 20 cryptocurrencies, it fell to position 145.
Why is this happening?
In tokens like RAVE (low capitalization and little liquidity):
a) Little liquidity
With little money, you can move the price a lot
This makes it rise excessively fast
b) Entry of FOMO
People see a rise of +1000% and enter late
This fuels the last rise (the large green candles)
c) Exit of large players
Those who bought low sell high
They generate that violent red candle
d) Domino effect
Stop losses are triggered
More sales → more drop
-Manipulation or not?
Not necessarily illegal
But yes it can be:
Coordinated buying (like a pump)
Whales offloading liquidity
Aggressive speculative trading
-In crypto this is VERY common in:
New tokens
Small projects
Momentary narratives
-Clear signals on the chart:
Brutal rejection at highs (~28) → distribution zone
Red candle with high volume → institutional selling / whales
Price breaks below EMA 10 and 55 → total loss of structure
There’s no nearby support → free fall
This gives you a key lesson:
Never chase vertical candles
Because:
The move is already “mature”
The risk is much greater than the profit
