Superrare (Rare) has risen about 50 % in the past 24 hours, reaching the highest levels of price within about two months. This acute gathering pushed the RSI to the peak area of the first time since November 2024, indicating extreme bullish momentum.
In addition, a rare broken over the Ichimoku cloud, indicating a possible transformation in the market morale. With the absence of great stimuli behind this step, traders closely monitor the main support levels in the event of an acute correction.
The rare RSI RSI has reached levels above the purchase for the first time
Superrare witnessed a sharp rise in the RSI Index (RSI), as it jumped from 35.8 yesterday to 81.2 today, along with the increase in strong prices.
This rapid increase reflects the intense purchase pressure, which rarely pushes the levels of almost offensive to lands in the peak area.
Such a step, signals have increased from the bullish momentum, but also raises questions about whether the gathering can continue or if the decline is imminent.
RSI is an index of momentum that measures the speed of price changes on a scale from 0 to 100. Readings of less than 30 excessive conditions indicate, while levels that exceed 70 indicate that the original may be excessive.
With Rare’s RSI now at 81.2, it has reached the first time of purchase since November 2024, which represents its highest level in seven months.
This may indicate exhaustion in buying pressure, which increases the possibility of monotheism or correction unless the demand remains strong enough to make more gains.
SuperRareer Ichimoku Cloud shows that momentum may change soon
Superrare has made a strong outbreak over the Ichimoku cloud, indicating a shift in the momentum.
After combining it under the cloud for several days, the price rose, and pushed over the red resistance area. The penetration was accompanied by strong upholstery candles, confirming the strength of this step.
In addition, Tenkan-Sen (the red line) turns up, as it is in line with the upward trend.
In Ichimoku analysis, the cloud (Kumo) works as support or resistance area, with the outbreak of it, indicating a potential trend to the upward trend.
The fact indicates that Rare has now cleared the cloud with a strong momentum to control buyers. This is the first time in several months that rarely established itself decisively above the cloud, indicating a shift in market morale.
However, as the cloud continues forward, traders will monitor whether the price can maintain it or if the hacking level test occurs.
Nader can be corrected strongly
Superrare Price is approaching a possible gold cross -cross -cross -cross -cross formation, where EMA can cross the short -term EMA in the long term, indicating a shift in the upward trend.
In the event of this intersection, this can lead to more bullish momentum, which may rarely push towards the level of $ 0.10 for the first time since mid -January.
Emas is gradually compatible with this setting, and if the pressure on the purchase remains strong, it may be rare to extend its gathering as traders interact with the upscale signal.
However, no basic catalysts or significant developments have not seemed to have contributed to this recent increase, raising concerns about their sustainability.
If the momentum fades and a correction begins, Rare can first experience support at $ 0.062.
The collapse without this level will open the door for a deeper decrease of about $ 0.052 or even $ 0.046, which is a possible correction of more than 50 % of its last highest levels.
Disintegration
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