#TradingAnalysis101 $RARE has seen extreme volatility, causing many retail investors to hit their stop-losses or even face liquidation. Over the past few days, the price has surged from 0.0466 to 0.1357—an almost 200% increase! 🔥
Market Sentiment & Psychology
Many traders assumed that after such a sharp rally, a pullback was inevitable. However, those who followed herd mentality or acted on FOMO without proper analysis ended up on the losing side.
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Technical Analysis
🔹 Weekly Chart (Long-Term View)
RSI at 60, suggesting more upside potential.
Despite the breakout, the price action is still within the weekly trend structure, meaning no major trend reversal yet.
Key Resistance: If RARE breaks and sustains above 0.23, it could confirm a structural shift.
🔹 1HR Chart (Short-Term View)
Strong uptrend: Price consistently holding above MA(25).
RSI above 60, indicating further room for growth before reaching overbought levels.
High volume & strong buying power confirm bullish momentum.
Resistance at 0.145—previous high where rejection occurred.
Liquidation Insights
Most liquidations at higher levels have been cleared.
The next major liquidation zone is at 0.11, which could attract price movement.
If the price drops below MA(25), sentiment may turn bearish.
Final Thoughts
RARE remains bullish in the short term, but a break above 0.23 is needed for a confirmed trend reversal. Stay informed, analyze wisely, and DYOR (Do Your Own Research)! 🚀
