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- Pin
$RAVE clearly caught attention with a strong push from the low 0.20s into the 0.37–0.40 area. That move wasn’t subtle and it wasn’t random.
Buyers stepped in aggressively after a long period of compression. That said, where RAVE is trading now matters more than where it came from.
Price is hovering around the mid-zone of the recent move, close to the longer moving average, and momentum has slowed. This is usually where the market pauses to decide whether the move deserves continuation or needs more time to cool off.
If RAVE can hold above the 0.36–0.38 area and build acceptance, it still has room to test higher resistance.
But if it loses that zone, a pullback toward the low 0.30s would be normal, not bearish. Right now, it’s strong, but it’s also at a point where patience matters more than chasing.
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