$RARE has experienced a significant decline of 4.991% over the last 24 hours.
The price fluctuated between 0.0568 and 0.0501, indicating volatility.
Bollinger Bands suggest the asset is nearing the lower boundary, signaling potential support at 0.0501.
With a downtrend in the overall market, the bearish momentum appears to be strong.
Macroeconomic factors, such as inflation data and regulatory uncertainties, could further impact sentiment, increasing selling pressure.
Bitcoin's influence remains unclear, but its volatility often reverberates across altcoins like RARE.
Traders may consider a short-term approach due to heightened volatility, looking for rebounds.
Key takeaway: Monitor market sentiment closely, as external factors could provide trading opportunities despite the current downtrend.
