RARE/USDT 12-hour Forecast (1-hour Timeframe)

Current Situation: The RARE/USDT chart is in a consolidation phase after the recent rally. The price is trading in a narrow range, indicating uncertainty in the market.​

Technical Analysis:

Support: 0.056–0.058 USDT.​

Resistance: 0.065–0.068 USDT.​

Stochastic Oscillator: Located in the mid-range (20–80), with no clear overbought or oversold signals.​

Balance of Power (BBP): Fluctuating near zero, indicating a balance between buyers and sellers.​

Fundamentals: Recent news indicates significant transfers of RARE tokens to centralized exchanges, which may indicate potential selling pressure. In particular, the SuperRare treasury transferred 7.5 million RARE on the exchange, while GSR deposited over 13 million

Bitget tokens

.​

Forecast: Given technical and fundamental factors, it is likely that the RARE/USDT price will remain within the current range for the next 12 hours. A breakout above 0.068 USDT could signal a resumption of the uptrend, while a decline below 0.056 USDT could indicate a further decline.​

Recommendation: Hold positions until clear breakout signals from the current range appear. Monitor trading volumes and reactions to key support and resistance levels.