RARE Token Jumps 15.6% on Surging Volume and Greed Index Despite Ongoing Bearish Pressure

SuperRare (RAREUSDT) saw a 15.60% price increase in the last 24 hours, rising from a 24h open of $0.0468 to a current price of $0.0541 on Binance. This surge is primarily attributed to renewed trading interest following recent news coverage of a double-digit rally and increased trading activity, as reflected in a 24-hour volume ranging from $19 million to $44 million and a Greed sentiment index of 74. Despite this short-term momentum, technical indicators show continued bearish pressure, with moving averages above current levels, a Relative Strength Index below 30 indicating oversold conditions, and a sell-heavy order book (72.32% sell orders). RARE remains significantly down from its all-time high and has experienced substantial declines year-to-date, highlighting ongoing volatility and speculative trading interest.