ZachXBT: Boosts RAVE Bounty to $25K
ZachXBT raises RAVE bounty to $25K amid market manipulation concerns, urging exchange pressure; RAVE price at $24.15 shows bullish trend.
SourceOn-chain investigator ZachXBT just upped the ante, increasing the RAVE bounty to $25K thanks to community contributions, while calling for sustained pressure on exchanges to tackle alleged crypto market manipulation. This move underscores growing scrutiny in the RAVE ecosystem, especially as RaveDAO gains traction amid broader crypto market crash fears from last quarter's volatility.
Zooming into the 4-hour chart, RAVE trades at $24.15 in a clear bullish structure, comfortably above the EMA50 at $12.96 and EMA200 at $4.93, which act as rock-solid long-term supports reinforcing upward momentum. The MACD screams bullish with a 3.85 reading post-golden cross, while RSI at 68.74 sits neutral but edging toward overbought territory—price hugs the middle of the Bollinger Bands, with upper resistance at $27.08 as the next exhaustion target and lower support at $8.05 providing a safety net; expect a push toward that upper band before any retrace to the EMA50, aligning with our RAVE price prediction for continued gains if manipulation probes intensify.
ZachXBT
@zachxbtZachXBT is an Pseudonymous independent on-chain sleuth who is popular on revealing bad actors and scams in the crypto space