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- SuperRare (RARE) breaks resistance, gaining momentum as traders eye a potential rally toward $2.12938.
- Surging trading volume and liquidity signal growing investor confidence, strengthening RARE’s breakout.
- Analysts expect short-term swings but see strong upside if RARE holds key support levels.
SuperRare (RARE) has gained over 3X in value, showing strong momentum with rising trading volume. The price surge follows months of suppression, with technical indicators pointing to further upside.
RARE Breaks Resistance, Eyes $2.12938
Javon Marks identifies a breakout past a long-term resistance level, confirming a bullish trend. He noted that the price surge followed multiple rejection points, with higher lows reinforcing the breakout. Marks predicts an extended rally towards $2.12938, provided RARE stays above key support levels.
Source: Javon Marks
He observed that rising trading volume supports the breakout, signaling strong market participation. Increased buying interest has strengthened liquidity, improving the token’s price structure.
Marks compared this movement to previous market recoveries, where similar breakout patterns led to sustained uptrends. He added that RARE previously traded at much higher levels, and if momentum continues, the projected target remains within reach.
Marks highlighted that RARE’s breakout has erased key bearish signals, showing a shift in sentiment. He pointed out that the move above resistance came with a surge in buying, suggesting traders expect further gains. If market conditions stay favorable, he believes this breakout could trigger FOMO-driven demand, driving prices even higher.
In past cycles, RARE went through similar accumulation phases before strong rallies. Marks advised traders to watch key support levels, as holding above them will be crucial for maintaining bullish momentum. If RARE consolidates at these levels, the rally could continue.
Short-Term Corrections or Sustained Rally?
Crypto Sat’s analysis identifies an Elliott Wave pattern, suggesting a corrective phase before further gains. He noted that a short-term rebound towards $0.1257 is expected, followed by a final dip near $0.0643 before another upward move. This outlook suggests some volatility before long-term growth.
Source:Crypto Sat
While short-term pullbacks are possible, Crypto Sat maintains that the overall trend remains positive. He added that if RARE holds key support zones, the next leg higher could push prices significantly up. The differing perspectives from analysts highlight both breakout potential and short-term risks, shaping market expectations.