RaveDAO (RAVE) has experienced a meteoric rise, skyrocketing from $0.27 to $20.00 in just six days, marking one of the most explosive altcoin rallies of 2026. However, the cryptocurrency has pulled back to $14.75, raising concerns about a potential double peak trap as exhaustion signals emerge. The rally, characterized by a near-vertical ascent since April 9, saw RAVE's RSI enter overbought territory, now showing signs of rolling over. Despite the price surge, declining volume since April 9 suggests a bearish divergence. Key support levels are identified at $12.47 and $7.81, with the latter representing a deeper correction zone if selling pressure persists. Open Interest data indicates a decline from $500 million to $400 million, suggesting traders are closing positions rather than adding new ones. The market's next move will determine whether bulls can reclaim control or if a bearish double peak pattern will unfold, potentially driving prices down to $4.30–4.49.