RARE USDT SuperRare Technical Analysis

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By Frans van Elst

SuperRare logo In this SuperRare technical analysis, we will examine the current price action, trading volume, key levels and indicators for RARE-USDT. SuperRare (RARE) is a decentralized platform that empowers digital artists and collectors to own and trade unique, verifiable, and scarce digital assets. These assets can take the form of digital art, collectibles, and other unique items that are stored on the Ethereum blockchain. By leveraging blockchain technology, SuperRare (RARE) provides a secure and transparent platform for the digital art market, giving creators and collectors more control over their work and its ownership.

SuperRare Price Overview:

As of April 17, 2024, SuperRare is trading at approximately 0.115 USDT. Let’s dive into the detailed price action for RARE-USDT:

Consider bearish sentiment in SuperRare (RAREUSDT) at 1.15e-01 USDT with technical analysis, showcasing weakened support and cautionary indicators.

Metric Value
Open (O) 0.1192
High (H) 0.1219
Low (L) 0.1137
Close (C) 0.115
Volume (C) 6,446,969.70
  • Open (O): The opening price for today’s trading session was approximately 0.1192 USDT.
  • High (H): SuperRare reached a daily high of around 0.1219 USDT.
  • Low (L): The daily low for RARE-USDT was approximately 0.1137 USDT.
  • Close (C): At the time of analysis, SuperRare is trading near its daily close of 0.115 USDT.
Metric Value
1D Change (%) -3.52%
3D Change (%) -8.29%
7D Change (%) -31.91%
30D Change (%) -34.99%
90D Change (%) 10.90%
YTD Change (%) -1.96%

Over the past three days, RAREUSDT has dropped by approximately -8.29%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -31.91%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with RAREUSDT maintaining a downward trend of approximately -34.99%, despite intermittent fluctuations. Examining the last 90 days, RAREUSDT has witnessed substantial increase of approximately 10.90%, reflecting strong long-term confidence. Year-to-date, RAREUSDT has steadily decreased by around -1.96%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

SuperRare Live Chart:

You can access a live price chart for RARE-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.


Price Volatility and Momentum:

  • Volatility score is 1.0871.
  • Momentum score is -0.375.

RARE USDT Technical Analysis

SuperRare Trading Volume:

The trading volume for SuperRare (RARE) over the past 24 hours has been insignificant, with approximately 6,446,969.70 USDT traded against RARE. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): RARE is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): SuperRare is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for RARE-USDT is currently in the low zone, around 40.98194. This suggests that SuperRare is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

SuperRare (RARE-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.

Consider bearish sentiment in SuperRare (RAREUSDT) at 1.15e-01 USDT with technical analysis, showcasing weakened support and cautionary indicators.

Take the next step in your exploration by delving into our detailed insights on RARE BTC SuperRare Technical Analysis; it’s a natural follow-up if you enjoyed this post.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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