Yes this will happen for a while. We refer to it as a bounce. When the kitty's BG goes down quickly or goes lower than normal (doesn't have to be really low, just lower than normal) the body panics and thinks the kitty is having a hypo and drops glucose into the system, causing the numbers to go up. Unfortunately this doesn't happen quickly enough to actually help a kitty that is actually having a hypo. As Ravan spends more time in lower numbers his body will get used to it and not "panic" so easily. You can already see that his bounces are breaking quicker now.
A week ago he wasn't spending any time in blue and green. Now he is but the result is a bounce. Don't worry, it will get better with consistent dosing. His body will get more used to the greens and blues and won't react so dramatically.