🚨 $RAVE Update: Breaking $11 & Cooling Down? What’s Next? 📉📈
$RAVE continues its wild ride! Following that historic, parabolic surge, we are currently trading around $11.87 (+29% on the day).
Looking closely at the 4H chart, we hit a local top of $12.59 before experiencing a slight, expected pullback.
📊 Technical Check:
• RSI Cooldown: The RSI(6) has finally cooled down to the 70 level. This is a much healthier zone compared to the extreme 99+ we saw previously, allowing the asset to breathe.
• Volume: We are seeing declining volume on this current leg up, which often points toward upcoming consolidation or a potential retest of lower support levels.
With the market highlighting concerns over extreme altcoin volatility right now, risk management is more crucial than ever. Always set your stop-losses!
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