The $RARE cryptocurrency has shown a slight decline of -0.732% in the past 24 hours, trading between a range of 0.0721 and 0.0655. Despite this dip, the overall market remains in an uptrend, supported by Bollinger Bands indicating low volatility with the upper band at 0.0706 and the lower at 0.0667. Key support is noted at 0.0655, while resistance stands at 0.0814. Macroeconomic factors, particularly inflation and regulatory news, may create upward pressure, although Bitcoin's undefined influence adds unpredictability. Traders should adopt a short-term strategy due to current volatility, but remain mindful of a longer-term upward trajectory. A unique takeaway is RARE's potential to rally if it breaks through its resistance, indicating strong bullish momentum that could entice buyer interest.
