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RAVE Crypto Jumps 29% as Volume Increases
RAVE, the native token of the web3 entertainment ecosystem RaveDAO, continued its upward momentum a few days after launch, drawing attention across the crypto market. Over the past 24 hours, RAVE surged more than 29%, while trading volume increased by 23%, reflecting growing market activity around the newly launched asset.
The recent price movement marked a clear rebound from the post-launch correction phase, raising questions about whether the downside pressure has eased amid a broader short-term shift toward small-cap cryptocurrencies.
Post-Launch Price Action Shows Recovery
RAVE launched on December 14 at approximately $0.50 but quickly entered a correction, falling to around $0.27. The decline proved short-lived, as the token reversed course the same day and reclaimed the $0.50 level. This early volatility was largely attributed to launch-related hype and active positioning by experienced market participants.
Technical indicators showed RAVE trading above the SuperTrend indicator, suggesting bullish momentum, although the price briefly slipped below a rising trendline. Despite this, overall price structure indicated that buyers remained in control.
Open Interest (OI) followed a similar upward trend, surpassing $17 million at the time of reporting. This increase in OI suggested renewed participation after the initial correction. On lower time frames, RAVE was observed consolidating within the $0.35–$0.42 range.
Exchange Listings and Small-Cap Rotation Drive Momentum
The latest rally was supported by additional exchange listings for both spot and derivatives trading. Major platforms such as OKX and Kraken added RAVE, improving accessibility and liquidity.
At the same time, market participants appeared to rotate toward small-cap tokens, particularly after Bitcoin slipped below the $90,000 level. On-chain data indicated notable activity from experienced traders, with one early participant reportedly achieving significant gains shortly after launch.
Liquidity and Market Positioning in Focus
Data from CoinMarketCap showed that the number of RAVE holders has been steadily increasing since December 12, reaching approximately 7,190 addresses, with a market capitalization near $85 million.
Liquidity analysis revealed concentrated liquidation levels above the current price, suggesting that traders were positioning for further upside. Long-side liquidation leverage stood at $5.66 million, compared with $3.15 million on the short side. While such conditions can amplify price movements, historical patterns showed that triggering liquidity clusters has often been followed by short-term pullbacks.
Overall, market data reflected heightened interest and speculative positioning, with sentiment leaning cautiously toward further price exploration.
