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$ARIA The thing everyone is paying the most attention to recently is that $RAVE . No one has been paying attention to this scam coin—this is also a particularly “weird” coin. Why did it suddenly explode and keep going up?
The oversold rebound on April 9th caused it to start a sustained uptrend. From the daily chart, it began a continuous climb starting April 10th. After several consecutive days of draining and consolidation, it no longer had momentum. So after a temporary pause on April 13th, it tried to break its previous all-time high, but above 1.05 there was extremely strong sell pressure. In reality, it’s basically the project team pumping the price to unload their holdings.
Why did it suddenly drop like a waterfall yesterday? Because in the early morning, the project team quickly dumped, causing the coin price to be cut in half. And the friends who were still going long on it are probably all losing money now.