$RAVE RAVE Update (4H Chart) 🚨
$RAVE is currently trading around $0.3859, down 4.14% on the 4-hour timeframe. Price has broken below the short-term moving averages, with MA(7) at $0.4095, MA(25) at $0.4340, and MA(99) at $0.5092, indicating continued bearish pressure.
📉 Key observations: • Recent rejection from $0.4519 resistance.
• Sharp wick down to $0.3308 shows volatility and liquidity sweep.
• Current price remains below major moving averages.
• Volume spiked on the sell-off, suggesting strong market activity.
• Immediate support sits around $0.33-$0.36 zone.
• Bulls need to reclaim $0.40-$0.43 for momentum recovery.
⚠️ Market structure remains cautious until buyers step in and reclaim higher levels. Keep an eye on volume and key support zones for confirmation of the next move.
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