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Brothers, I really didn't expect $RAVE this plunge today 😅
Yesterday it was bouncing around $1.27, and today it gave you a roller coaster of -10.53%. Now it's lying flat at $0.918. But honestly, a 41% fluctuation range is pretty exciting, a classic Alpha coin move.
Looking at the data, FDV is $918M, but the actual market cap is only $228M, that multiple gap... everyone who understands knows. Liquidity is only $2.48M, no wonder the price is so easily broken through. But with 32k holders, at least it shows someone is playing.
Today, the 24h trading volume is $28.86M, even though it's falling, the trading activity is still quite lively, indicating funds are still betting. From $1.27 down to $0.90, it feels like someone is doing range arbitrage.
These Alpha coins on BSC, that's how they are—when they rise, they make you question life; when they fall, they make you re-evaluate yourself. The name RAVE is quite interesting, partying, right? After the high, you gotta cool down 🎵
At this position, technically it has touched near today's low, but for Alpha coins' technical analysis... you know, it mainly depends on funds and sentiment.