RAVE tokens strengthen again after a few days of trading, attracting market attention. RaveDAO (RAVE), as a Web3 entertainment ecosystem project, has seen its price increase by over 29% in the past 24 hours, with trading volume up approximately 23%. This performance indicates that after an initial correction following launch, market sentiment is clearly shifting.
RAVE officially launched on December 14, with an initial price of around $0.50, but quickly experienced a typical “launch and correction,” with the price dropping to a low of $0.27. However, the price then rebounded rapidly, returning to around $0.50, showing strong support at the lower levels. The current trend suggests that the correction phase after launch may be coming to an end.
From a technical perspective, the bulls still hold short-term dominance. Although the price temporarily broke below the upward trendline, it remains near key technical indicators. Meanwhile, open interest (OI) has exceeded $17 million, indicating increasing participation in the derivatives market. Changes in OI direction are often seen as important signals of trend reversals or the end of corrections.
The immediate catalyst for RAVE’s rise today comes from positive developments at the exchange level. Several major platforms have listed RAVE spot and derivatives trading, providing more liquidity and trading channels for the market. Additionally, after Bitcoin fell below $90,000, some funds shifted noticeably toward small-cap tokens, with RAVE becoming one of the key targets for “smart money.”
On-chain data also supports this view. Data shows that a trader labeled as “smart money” went long on RAVE on the launch day and gained approximately 83% profit. Even after this account took profits and exited, the number of retail and holder addresses continued to grow. According to CoinMarketCap data, since mid-December, the number of RAVE holder addresses has been steadily increasing, currently around 7,190, with a market cap of approximately $85 million.
From a liquidity perspective, the liquidation heatmap shows that the short liquidation zone above is more concentrated, implying that if the price continues upward, it could trigger a short squeeze, amplifying short-term gains. However, historical trends also indicate that after reaching high-density liquidity zones, prices may experience a correction.
Overall, RAVE has recovered from the double-bottom structure after launch and regained key support levels. In the short term, liquidity distribution and market sentiment will be the key variables determining whether the price can continue its upward trend. In the current environment, the market is generally more inclined to bet on RAVE’s continued rebound, but volatility risks should not be overlooked.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Investors Face Loss, Market Shows Signs of Stabilization
Most Bitcoin investors from the last two years are in loss, but this could signal buying opportunities for disciplined traders.
Short-term holders are showing patience despite geopolitical tension, suggesting panic selling may be fading.
Monitoring exchange inflows is key—declining losses h
CryptoFrontNews5m ago
BTC drops 0.68% in 15 minutes: whale selling pressure combined with macro risk aversion sentiment triggers short-term pullback
From 09:15 to 09:30 (UTC) on March 3, 2026, BTC recorded a -0.68% return within 15 minutes, with a price range of 66,595.0 to 67,141.1 USDT and an amplitude of 0.81%. Market attention increased during this period, short-term volatility intensified, and investors became highly sensitive to capital flows and risk asset sentiment.
The main driver of this anomaly was a large whale short-term concentration of BTC inflows and sales on a major mainstream exchange. On-chain data shows that since early 2026, the inflow ratio of large whales (addresses holding ≥1,000 BTC) reached a recent high,
GateNews14m ago
Switching from crypto to stocks? Cryptocurrency liquidity shifts to the US stock market, with AI becoming the best cross-market aid
According to Wintermute's research, retail investor funds are flowing heavily into the US stock market, gradually decoupling from the crypto market. The crypto market has entered a mature phase, with retail investors seeking higher capital efficiency shifting towards more volatile stock markets. Generative AI has boosted retail investors' confidence, making it easier for funds to move between the US stock market and the crypto market, leading to a transformation of cryptocurrencies into a component of investment portfolios.
ChainNewsAbmedia38m ago
Lantern Festival coincides with a Blood Moon "once every 46 years"! Both the Taiwan stock market and the US stock market happen to be on the edge of a cliff—coincidence or fate?
Tonight's Lantern Festival, Taiwan is also witnessing a once-in-46-years "Total Lunar Eclipse Blood Moon" phenomenon, contrasting with the turbulence in the financial markets. Due to the "Iran Shock," the US stock market was affected, with the S&P 500 reaching 6,775 points and the VIX soaring. The Taiwan stock market also faced foreign selling pressure. Studies show that lunar phases influence market sentiment, with stock returns slightly lower during the full moon.
動區BlockTempo41m ago
BlackRock Loads Up $767M in Bitcoin — Institutions Step In Big
BlackRock's significant Bitcoin ETF inflows show growing institutional confidence, indicating a shift in market behavior amid geopolitical tensions. While retail investors panic, institutions accumulate BTC for long-term gains, potentially setting the stage for future market trends.
Coinfomania52m ago
ETH drops 1.12% in 15 minutes: On-chain whale rebalancing and liquidity contraction drive short-term pressure
On March 3, 2026, from 08:30 to 08:45 (UTC), ETH experienced significant fluctuations, with the 15-minute return rate dropping to -1.12%. The price range fluctuated between 1958.47 and 1984.61 USDT, with an amplitude of 1.32%. Market attention increased during this period, short-term volatility intensified, investor sentiment was clearly cautious, and trading volume contracted accordingly.
The main drivers of this fluctuation were large on-chain fund rebalancing and major holder stop-loss actions. Combining historical on-chain data, whale accounts frequently conducted large transfers and buy-sell activities, which have repeatedly triggered short-term sharp market volatility in the past. The current window
GateNews59m ago
