$RAVE 66666 As long as the short positions are all long, it will rise. This is high-level market manipulation + short squeeze harvesting—extremely concentrated chips, poor liquidity, short positions all long causing liquidation, relying on forced buying to push prices higher. It’s a typical manipulation pattern of killing the XXX market.

Short-term explosive growth of 45XXXXXX%+ is driven entirely by sentiment and leverage, with no fundamental support.

In the short term, it may still inertially surge and repeatedly squeeze, but the bubble is huge and the risk is extremely high.
$12 to $18 is a strong resistance zone. Once volume shrinks and prices stagnate, with long upper shadows appearing, there’s a high probability of rapid plunge and continuous sharp decline.
After the market maker offloads, they will step on the brakes; do not chase highs or open shorts randomly.