🔥🚀$RARE /USDT 1-hour chart from Binance shows a bullish breakout followed by a correction and consolidation phase. Here's a quick technical analysis:
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📊 Price Action Overview
Current Price: $0.0542
24h High: $0.0625
24h Low: $0.0477
24h Volume (RARE): 584.58M
Gain: +12.68%
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📈 Trend Analysis
Strong green candle breakout occurred around $0.0463, pushing up to a high of $0.0625.
After peaking, price retraced and is now consolidating between $0.0526 and $0.0562.
Support is likely around $0.0491–$0.0500, resistance near $0.0560–$0.0600.
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🔍 MACD Indicator
DIF (yellow): 0.0007
DEA (pink): 0.0008
MACD histogram: Slightly negative but stabilizing
Momentum is neutralizing, indicating potential for either a continuation or short-term pullback.
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⚠️ Key Levels to Watch
1. Immediate Resistance: $0.0560
2. Major Resistance: $0.0625 (24h high)
3. Support Zone: $0.0500 – $0.0490
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