RAVE DAO $5 PUMP COMING or SCAM $0 CRASH? RAVE Coin Crypto Price Prediction Technical Analysis Today

Added: 2026-05-17

[00:00:00]Taking a look at RAVE, we can see that RAVE has continued to consolidate over the macro support, which is your 786 retracement.

[00:00:11]The problem is the price is bouncing, but it's making lower highs each time the bounce comes, implying that in near future, the price either has to break out to the upside or break down below the support. Now, at any time, RAVE breaking below 59 will most likely trigger a very large move down back to these lower levels around 26.

[00:00:37]The reason why this is worrisome is because the price was unable to break the low of around 20 cents, but then a very large rally came in, which means that the people who did buy in up here were not in the market down here, implying that a move down to these lower prices may actually trigger a break of the low, potentially send the price of RAVE all the way down to around 5 cents.

[00:01:00]On the flip side, RAVE holding 60 cents does actually open the door for a larger rally back to the 382 retracement, which you can see our 618 is $1.36, and our 382 retracement is $1 or $2 or $1.20.

[00:01:19]However, the 382 retracement is around 220, which means breaking over 136 will trigger a larger move to around 220.

[00:01:29]Now, the reason why this is worrisome is because a rejection from 220 would still be considered bearish, and you can see that we already had that back in April, implying that a second failure to break over 220 would confirm that a low is on the table, and on the flip side, breaking 220 would trigger a bottom and a much larger rally to around $5 or potentially 3 437.

[00:01:55]On the flip side, a bounce over the trend line but a rejection from 130 and another bounce off of 60 will confirm a bottom but accumulation very similar to what happened back in March.

[00:02:12]But this is heavily contingent on the price of Bitcoin remaining bullish as at any time the price of Bitcoin remaining bearish along with a break of 60 will confirm a new low for RAVE in my opinion.