$RAVE
The RAVE chart shows a phase of lateral consolidation after a strong bullish impulse that brought the price to the 0.79 zone. Since this peak, the structure has become corrective with a succession of relatively horizontal highs and lows.
The price is currently around 0.40, a level that acts as a short-term market equilibrium zone. Volumes are significantly down compared to the impulsive phase, confirming the absence of strong directional conviction.
The RSI (6) is around 40, indicating a slightly bearish momentum but without an oversold situation, leaving room for a possible technical rebound or a continuation of the lateral drift.
The underlying trend remains neutral to slightly bearish in the short term, as long as no increase in volume validates a clear directional breakout.