RavenDAO's RAVE token, which lost over 98% of its value over the weekend, is expected to drop another 50% in the coming days due to allegations of market manipulation. The price of the token is set to drop by 55%–58% in April, according to the hourly chart. The technical issues have put the price in position for another 58% drop in April. Onchain investigator ZachXBT has claimed that over 90% of the RAVE tokens may be controlled by insiders, raising concerns about liquidity concentration and price control. The 20-hour exponential moving average at $0.96 and the 1.0 Fib line continue to cap upside attempts, but the broader bias remains tilted to the downside.