RaveDAO (RAVE) is retesting the $20 level, raising concerns of a potential double peak that could lead to a price drop towards $15.34. Momentum indicators have weakened, and open interest remains near record highs, suggesting a possible pullback. RAVE's open interest surged to $510 million on April 13 but has since declined slightly, indicating thinning leverage participation. Despite bullish on-chain data showing significant RAVE outflows from exchanges, the context suggests potential distribution rather than accumulation. The token has surged over 6,000% in seven days, with large holders possibly moving profits to cold storage. If the double peak confirms, RAVE could target $15.34, with further declines possible to $12.46 or $10.13. A decisive move above $20 and open interest expansion beyond $510 million would invalidate the bearish outlook.