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#RAVE RAVE Has indeed surged to over $19+ (you're right), now at $13.4 is a typical "whale distribution at a high level," and it's in the accelerated distribution phase.
1. Price position (absolute high)
- From $0.25 → $19+ (new historical high)
Nearly 80 times increase, completely in the bubble zone
Current price $13.4: high-level pullback of over 30%, still at the peak
Conclusion: High level = the main force's only distribution window
2. K-line pattern (textbook-level distribution)
April 14: Long upper shadow (shooting star)
Surge to over $19+ → close at $14.26
Very long upper shadow, small real body → pulling up to distribute, heavy selling pressure
April 15 (today):
Gap up at open, decline on volume, shifting center of gravity downward
Small yin and yang candles, surge then fall back, close in the red
Features: rapid rise, slow decline, high-level oscillation, long upper shadow, volume-price divergence
3. Trading volume (most deadly)
April 14: Massive volume (over 1.28 million)
April 15: Continued huge volume (over 129.7k)
Volume-price divergence: high price, volume surges, no upward movement, quick decline
Conclusion: Volume increases but no rise = main force distributing, retail catching the bag
4. Chips and control (hard evidence)
Extremely high control: a few wallets hold 93% of circulating supply
Whale behavior: pushing up to distribute, pulling and distributing simultaneously,诱多散户 (诱导散户, misleading retail)
On-chain data: whales大量卖出, capital撤离
5. One-sentence conclusion (objective)
RAVE fell from over $19+ to $13.4, all candlestick signals indicate distribution: high level, long upper shadow, massive volume, volume-price divergence, controlled whale stock, whales撤离.
6. Current operation advice
Absolutely do not chase highs, do not bottom-fish
Holding: sell on rebounds, clear out positions and exit
No holdings: observe, do not take the bait
Keep going, brothers!