RaveDAO's price rapidly climbed from below $1 to nearly $15 within days, fueled by aggressive buying and cascading liquidations of short positions that injected forced buying into the market. This sharp rally, however, has led to increased volatility and early signs of profit-taking as some investors lock in gains. Despite a pullback to around $11, demand remains present though buying pressure is slowing, with the price holding above $10. The future direction depends on whether real demand can sustain the momentum beyond liquidation-driven spikes, with potential to retest highs near $15 or face a drop toward $9–$10 if leveraged positions unwind.
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