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Single-day surge of 50%, where is the next resistance level? 📈
RAVE's performance today is truly a textbook-level breakthrough. Let’s briefly review the logic:
Pattern: After a long period of low-level consolidation, it has now broken through the previous trading range with increased volume, and the 1H upward channel is extremely steep.
Indicators: - EMA moving averages: The short-, mid-, and long-term moving averages are perfectly diverging, with the support level rising to around 23.2.
MACD: The fast and slow lines failed to form a death cross and turned upward again; the momentum histogram continues to rise, and bullish sentiment has an absolute advantage.
RSI: Currently, RSI(6) is at a high level of 88. There is a need for short-term consolidation and correction, so it’s not recommended to blindly chase the price with a full position.
Watch for support confirmation in the 24.5 - 25.1 range. If it can hold, the next target is the 30 level.
$RAVE
Altcoins are extremely volatile—remember to set your stop-loss!
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