RaveDAO jumps 29%: Is RAVE’s move past $0.60 now likely?
RaveDAO (RAVE) surged 29%, making it a top gainer with weekly gains exceeding 45%. The rally was driven by increased holder growth, global attention on major platforms like Coinbase and Binance, and a 300% jump in trading volume. The price broke out of an inverted head-and-shoulders pattern, surpassing $0.50, indicating potential trend reversal. Technical indicators like the Awesome Oscillator and Choppiness Index suggest strong bullish momentum. However, a retest of the $0.40 neckline is possible, as liquidity clusters below $0.48 may pull the price down to trigger long orders. Shorts are building between $0.53-$0.56, which could pause the rally. A hold above $0.50 might push RAVE toward $0.60-$0.65, but a breakdown below $0.40 would invalidate the breakout.
ambcrypto02/20 19:02
