RARE's four-hour chart shows a strong rebound - a 44.33% increase in just 12 hours. Five consecutive bullish candles are gradually expanding, demonstrating very strong momentum.
From a technical analysis perspective, the price pattern and indicators provide us with an 'logic' for the upward movement. Upon review, we can see that the pattern presents a standard double bottom, with the MACD showing a golden cross, and the volume bars are also quite strong, seemingly further validating the reasonableness of this rebound.
However, this is merely the logic derived from the analysis, different from the actual reasons driving the price increase. From the order book data, the real driver of this surge is a large purchase made on October 31, 2024, at 23:45.
Therefore, we must always remember: analysis can only provide one explanation, but the true price movement relies on the actual flow of capital in the market. It is not analysis that causes prices to rise or fall, but rather the price movements that happen to align with the analysis logic.
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