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RAVE Price Analysis: Can the single-day 29% increase continue? The rebound may be nearing the end
RAVE tokens have strengthened again a few days after going live, 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 undergoing a noticeable shift.
RAVE officially launched on December 14th, with an initial price of around $0.50. However, it quickly experienced a typical "launch correction," with the price dropping to a low of $0.27 at one point. Nevertheless, the price then rebounded rapidly, returning to around $0.50, demonstrating strong support at lower levels. The current trend suggests that the correction phase after launch may be coming to an end.
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