$RARE /USDT - After the rise, a sharp decline began
The RARE coin launched from a $0.048 area to reach its highest point in 24 hours at $0.0689, recording daily gains of nearly 20%. However, after this vertical rise, the price is now experiencing a sharp retracement, currently trading at $0.0597.
This sharp red candle indicates a potential short-term correction phase, with profit-taking dominating. Further declines towards the $0.0560-$0.0530 area seem likely if selling pressure continues.
Key levels to watch:
• Immediate support: $0.0570
• Retest area: $0.0530 - $0.0560
• Resistance: $0.0635 - $0.0680
• Market trend: Generally bullish, short-term downward retracement
Let the price stabilize before re-entering. A rebound from the $0.0530 area may provide another entry opportunity if bulls return with high trading volume.