RARE: Is the Hype Fading or Will It Bounce Back? đ§đ
The $RARE chart is showing signs of cooling off after an intense rally earlier this month. From its sharp peak around $0.36, itâs now trending down towards the $0.13 region, a classic post-pump retracement. đš Volatility has reduced, and the volume is slowly dropping, which indicates waning interest and momentum.
The price is now below the 25 SMA, hinting at potential bearish continuation unless buyers step in. Unless we see a volume surge to break resistance around $0.16, the likelihood of further downward movement is high. Watch out for the $0.12 support levelâif that breaks, we might be in for a deeper correction.
Be cautious in the short term, but if you're a long-term believer, this could be a consolidation phase before another leg up. Letâs see how it plays out! đ
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