RaveDAO: Can RAVE’s 10% rally hold long enough to hit $0.75?
The post RaveDAO: Can RAVE’s 10% rally hold long enough to hit $0.75? appeared on BitcoinEthereumNews.com.
RaveDAO [RAVE], an entertainment-focused blockchain, is back on the daily gainers chart, surging by 10% in the past 24 hours, at press time. This rally replicated the initial success of the cryptocurrency upon its launch. From a technical perspective, the shift seemed closer than before, but the strength of the bulls was questionable. Is a RAVE crypto market reversal panning out? To begin with, RAVE sprang out from a week’s sideways movement between $0.31 and $0.35. This breakout resulted in the aforementioned gains as the chart showed the bigger picture on a micro level. It was evident that buyers were gaining momentum on the hourly chart. The global volume rose from $108 billion to about $120 billion asof writing, according to the Cumulative Volume Index (CVI) on the NYSE. This meant that the increase in trading activity was on the buy side for RAVE crypto. RAVE/USDT on TradingView RAVE’s recent price action appears to be repeating its initial move, with the larger timeframe chart showing a long‑term reversal pattern forming near the token’s launch price. On the daily chart, the altcoin is trading close to the neckline. If it holds above $0.40, this could signal a shift toward a bullish market bias, provided buyers remain steady. February has been bullish for RAVE, and now could be the opportune time for buyers. Still, traders needed to be wary of the general market downturn that has seen Bitcoin [BTC] dip to $75,000. RAVE/USDT on TradingView At press time, the MACD bars were green and increasing in size on the daily chart and more pronounced on the hourly. This indicates synchronization between the larger and smaller timeframes. However, recent trends of RAVE bulls were something to worry about. But why? Can bulls sustain the surge? As per data from CoinGlass, recent bull trends…
Filed under: News - @ February 4, 2026 10:29 pm