RARE token has moved out of a prolonged downtrend after nearly 700 days of declining prices. A breakout from the bearish pattern has shifted market sentiment.
Extended Downtrend and Breakout
The price of RARE fell from a peak of approximately $2.05, following a steady downward trajectory. A descending trendline formed multiple lower highs, reinforcing the long-term bearish trend. After repeated rejections along the trendline, the token finally broke out at a lower price level. Trading volume surged at the breakout, signaling renewed market interest. This shift in momentum pushed the price into a consolidation phase.
Market Trends and Price Target
Javon Marks' analysis sets a breakout target of $2.12938, marking a potential recovery path. Volume data indicates strong buying activity at key levels, reflecting growing confidence among traders. The asset forms higher support zones as it stabilizes after the breakout. Trading activity remains volatile, with investors reacting to price changes.
Future Price Movement
If the token holds above the breakout level, it could move toward higher resistance points. The market is transitioning from a prolonged downtrend into a possible recovery phase. Higher trading volumes indicate sustained interest in RARE’s price activity. The asset remains at a critical level, with upcoming resistance zones playing a key role in determining its next move.
RARE is emerging from a prolonged downtrend, signaling changes in market sentiment. Trading volumes and technical levels will be key in maintaining positive momentum.
