$RARE /USDT – Technical Analysis (Binance)
Market Overview:
$RARE /USDT is showing strong bullish momentum with a 12%+ gain, bouncing from the 0.0201 support zone. Current price action is approaching resistance around 0.0243–0.0245, which coincides with the recent 24h high of 0.0254. Volume is supportive of the upward move, indicating buyers are in control, but overextension could trigger a short-term pullback.
Key Levels:
Support Zones:
0.0214 – 0.0222 (minor support / demand)
0.0201 (major 24h low support)
Resistance Zones:
0.0237 – 0.0245 (short-term resistance cluster)
0.0254 (24h high / liquidity zone)
Trade Bias: LONG (Momentum continuation / swing)
Entry Zone:
0.0230 – 0.0233 (current level near support flip potential)
Targets:
TP1: 0.0237–0.0240
TP2: 0.0245–0.0250
TP3: 0.0254 (previous 24h high / liquidity)
Stop Loss:
Below 0.0222 (recent support)
Confirmation to Watch:
Bullish candles with wicks rejecting below support
Volume spikes on upward moves
RSI not yet overbought on 15m–1h charts
Invalidation:
A break and close below 0.0222 with strong selling volume would invalidate the bullish momentum → potential drop toward 0.0214–0.0208.
Summary:
RARE/USDT is in a healthy short-term uptrend. The 0.0230–0.0233 zone offers a potential low-risk long entry targeting resistance at 0.0245–0.0254. Caution is advised as the price approaches high-volume supply zones.
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