Recent Price Action:
RARE has been trading in a range-bound manner, with a recent low of $0.20 and a recent high of $0.29. This indicates a period of consolidation, with buyers and sellers vying for control.
*Support and Resistance:*- Support: $0.20 (recent low)- Resistance: $0.29 (recent high)
*Trend Analysis:*The short-term trend is neutral, as RARE is trading within the established range. However, the medium-term trend is bullish, as RARE has been making higher lows since its last major drop.*
Indicators:*- RSI (14): 65.12*Breakout Potential:*A breakout above $0.29 could indicate a resumption of the bullish trend, with potential targets at $0.35 and $0.40.
Conversely, a breakdown below $0.20 could lead to further selling pressure, with potential targets at $0.15 and $0.10.
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