$RARE is currently trading around 0.0272 and is down about 12.3% over the last 24 hours. The sharp rejection from the 0.0314 area followed by a fast drop to 0.0240 shows clear selling pressure entering the market. Since that move, price has been stuck in a choppy recovery, but the structure remains weak rather than constructive.
On the 1H timeframe, the market is forming lower highs beneath the previous resistance zone. Bullish attempts are getting absorbed quickly, while bearish candles appear near the top of each small bounce. This behavior usually points to distribution, where sellers unload into strength. Momentum has not flipped bullish, and volume does not support a sustained recovery.
Trade Setup
Entry Zone: 0.0270 – 0.0280
Target 1: 0.0260
Target 2: 0.0248
Target 3: 0.0235
Stop Loss: 0.0292
If price loses the 0.0260 support with strong volume, downside continuation becomes likely, exposing the previous liquidity sweep near 0.0240 and potentially lower. Unless RARE can reclaim and hold above the 0.0290 area with conviction, the broader bias remains bearish and rallies should be treated with caution rather than confidence.
