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 enables digital artists to create, sell, and showcase their work as non-fungible tokens (NFTs). These NFTs can be bought, sold, and traded on the SuperRare marketplace, providing a new way for artists to monetize their digital creations. By leveraging blockchain technology, SuperRare ensures the authenticity and scarcity of each artwork, giving collectors confidence in their investments.
SuperRare Price Overview:
As of October 02, 2023, SuperRare is trading at approximately 0.061 USDT. Let’s dive into the detailed price action for RARE-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.0627 |
| High (H) | 0.0633 |
| Low (L) | 0.0607 |
| Close (C) | 0.061 |
| Volume (C) | 4,218,364.10 |
- Open (O): The opening price for today’s trading session was approximately 0.0627 USDT.
- High (H): SuperRare reached a daily high of around 0.0633 USDT.
- Low (L): The daily low for RARE-USDT was approximately 0.0607 USDT.
- Close (C): At the time of analysis, SuperRare is trading near its daily close of 0.061 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -2.71% |
| 3D Change (%) | -0.81% |
| 7D Change (%) | 0.66% |
| 30D Change (%) | -1.29% |
| 90D Change (%) | -21.99% |
| YTD Change (%) | -39.36% |
Over the past three days, RAREUSDT has declined by approximately -0.81%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 0.66%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with RAREUSDT maintaining a downward trend of approximately -1.29%, despite intermittent fluctuations. Examining the last 90 days, RAREUSDT has witnessed substantial drop of approximately -21.99%, reflecting strong long-term confidence. Year-to-date, RAREUSDT has steadily declined by around -39.36%, 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 0.35046.
- Momentum score is -0.01294.
RARE USDT Technical Analysis
SuperRare Trading Volume:
The trading volume for SuperRare (RARE) over the past 24 hours has been significant, with approximately 4,218,364.10 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 neutral zone, around 45.85862. This suggests that SuperRare is in range-bound 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 neutral RSI and significant trading volume are neutral signals for potential sideways movement.
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.
