In simple terms, $RAVE this current trend. The previous wave directly surged from a low to 0.79, which is an emotional rise, with significant volume and speed.
However, after the peak, it clearly couldn't keep up, and it has now entered a high-level oscillation and digestion phase.
You can see the price is basically sticking to the medium and short-term moving averages, indicating that the bulls haven't completely exited, but there is also no motivation for a continued strong attack.
Currently, there are two key positions. 痞老板的小家庭
On the downside, focus on 0.48–0.50; this is the position where the moving averages coincide with the previous consolidation area. As long as it doesn't break, the overall trend is still a strong oscillation and not considered bad.
The upper pressure is around 0.60–0.62; in the previous attempts to break this level, it has been pushed down. It is difficult to break through in one go without an increase in volume.
The MACD here has clearly flattened out, and momentum is diminishing, leaning more towards sideways consolidation in the short term.
In terms of operations, chasing highs is not very suitable; it is more appropriate to wait for a pullback to support for a low buy, or to do a high sell and low buy near the resistance level to create rhythm.
As long as 0.48 doesn't break, treat it as a strong coin. Once it loses that level, be cautious of deeper pullbacks.
Continue to monitor: $BEAT $pippin
