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RARE's performance over the past couple of days is indeed worth paying attention to. From a technical perspective, all moving averages across different periods (MA5 to MA200) are pointing to buy signals. The RSI(14) has surged to 67.225, and the MACD is also supporting in the positive zone. This combination of signals remains quite strong.
The current price is around $0.0316, with a 24-hour increase of +28.72%, and it is maintaining above a key support level. This situation indicates that the short-term selling pressure is weakening. If it can break through the key resistance level, the upward momentum could be very strong.
If you want to participate, the trading plan could be arranged as follows:
**Entry Range**: Find an entry point within the $0.0308-$0.0312 zone
**Gradual Position Building**: Use DCA (Dollar Cost Averaging) in the $0.0295-$0.0289 area
**Risk Control**: Set stop-loss at $0.0283
**Target Levels**: Watch in stages, first aim for $0.0333 (the recent high), then $0.0349, and finally $0.0385. Breaking through the $0.0333 hurdle is crucial; once stabilized, the upward space opens up. The main support is at $0.0223.
A special reminder — this analysis is based solely on current technical indicators and market data and does not constitute investment advice. Cryptocurrency trading carries high risks, and your principal may be entirely lost. Be sure to do your own research (DYOR) before acting and manage your risk exposure carefully.