RARE Token Surges 20.59% in 24 Hours Amid Social Media Buzz and High Trading Volume

RAREUSDT experienced a significant 24-hour price increase of 20.59%, rising from 0.0471 to 0.0568. This sharp upward movement appears to be driven primarily by heightened social media attention and increased trading activity, as indicated by the surge in Binance-related hashtags and alerts, rather than by any recent news or major fundamental developments, since no notable news or updates have been reported for RARE in mainstream crypto sources during this period. The current market capitalization is approximately $78.85 million, with an estimated 24-hour trading volume of $5.59 million and a circulating supply of 803,111,456 RARE. Despite the recent price jump, technical indicators show RARE remains in oversold territory with a 14-day RSI of 26.21, and the overall sentiment is still bearish, suggesting the move may be driven by short-term trading interest rather than a shift in long-term fundamentals.