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RaveDAO jumps 16% to $0.369 on strong speculative demand and market activity

Technical Signals
09 Aug 2026
AMBCrypto
View Source
Bullish
pluang ai news

RaveDAO (RAVE) surged 16.25% to a six-week high of $0.369, breaking out from a long consolidation phase. This rally was driven mainly by speculative demand, with derivatives volume rising over 211% and open interest increasing 21%, indicating strong market participation. Buyers also returned on the spot market, pushing the buy volume higher and supporting the price momentum. If demand sustains, RAVE could test resistance levels at $0.40 and $0.48, but a drop below $0.28 may occur if speculative interest fades.

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