RARE Token Surges 18.54% in 24 Hours Amid Technical Buying, Bearish Sentiment Persists

RAREUSDT experienced a significant 24-hour price increase of 18.54%, rising from 0.0480 to 0.0569. This price movement appears to be driven primarily by technical factors, as there were no recent protocol updates, partnerships, or major news announcements identified. The Relative Strength Index (RSI) dropped below 30, indicating oversold conditions, which may have triggered technical buying and short-term recovery. Despite the price uptick, order book data shows 72.32% of orders remain on the sell side, and overall market sentiment is still bearish. The current price is 0.0569, with estimated 24-hour volume in the $5-6 million range and a market cap near $38.7 million, reflecting ongoing volatility and cautious trading activity.