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$RAVE Crazy surge of 50%! Is this an air refuel or the final frenzy? The EMA indicator reveals the truth!
Look at this 15-minute K-line chart of Gate, the movement of RAVE/USDT is extremely bizarre. Since starting at $0.36, there has been almost no decent pullback.
Bullish arrangement: MA5/10/30 are perfectly diverging, and the price has consistently stayed above the yellow MA30 line ($1.57), indicating a very strong bullish trend, with every pullback being a buying opportunity.
MACD signal: Although at a high level, the MACD fast and slow lines are showing signs of convergence above the zero line again. If a “golden cross” forms here, the price is likely to break through the $2.0 mark.
RSI divergence warning: Notably, RSI(6) has already reached around 64. Although it hasn't entered the overbought extreme, the upward momentum has started to slow compared to previous explosive moves.
This wave of RAVE is a typical “volume breakout.” The 242 million trading volume indicates very active turnover.
Contract operation suggestion: Don’t blindly chase the top; if the pullback to the $1.55-$1.58 support zone doesn’t break, continue to be bullish.
Do you think RAVE can hold steady $2 this time? Leave your thoughts in the comments.