RaveDAO breaks $0.70 on volume surge but faces volatility and resistance near $1.62.

RaveDAO (RAVE) surged above $0.70 driven by a 353% increase in trading volume, signaling strong market interest and pushing its market cap to $177.18 million. Despite this breakout, the price struggled to surpass the $1.617 resistance level and showed volatility due to short-term traders capitalizing on rapid moves. Exchange netflows indicated a tug-of-war between buyers and sellers, with recent outflows reducing immediate sell pressure but ongoing market repositioning. Long liquidations dominated, suggesting a reset as bullish traders exited amid volatility. RAVE’s price remains range-bound between $0.547 support and $1.617 resistance, requiring sustained demand to break higher or risk further consolidation or decline.