The cryptocurrency market continues to experience volatility, with RAVE's price trend being a notable example. After reaching highs of $0.48, the token has been trading downwards, currently hovering around $0.31.
According to chart analysis, the Relative Strength Index (RSI) is below 40, suggesting that sellers remain in control. This weak momentum may be causing traders to hesitate before taking a bullish stance.
The immediate resistance levels for RAVE are between $0.33 and $0.37, while major support lies at $0.298. A breakdown below this level could potentially extend the bearish move further.