Market Overview for SuperRare/Tether (RAREUSDT)

• Price opened at $0.0515 and closed at $0.0521, with a high of $0.0525 and a low of $0.0496.
• A sharp 7.5% rebound emerged in late trading, driven by strong volume and renewed bullish momentum.
• Volatility spiked in the overnight hours, with price testing key Fibonacci and Bollinger Band levels.
• RSI and MACD showed signs of bullish divergence and confirmed short-term strength.
• Notional turnover reached $21.3M, with divergent price-volume behavior observed in the early session.

SuperRare/Tether (RAREUSDT) opened at $0.0515 on 2025-09-23 12:00 ET and closed at $0.0521 by 12:00 ET on 2025-09-24. The pair reached a high of $0.0525 and a low of $0.0496 during the 24-hour period. Total volume traded was 20,474,077.3 units, with a notional turnover of $1,037,788.60.

The price action displayed a strong recovery from a sharp 4.8% pullback that occurred overnight, with a key bullish reversal forming around 0.0505. A strong engulfing pattern developed around 0.0515, followed by a series of higher highs and higher closes in the early morning and midday ET session. The 20-period and 50-period moving averages on the 15-minute chart were crossed to the upside, supporting a bullish bias.

RSI, while not in overbought territory, showed a bullish divergence with price, suggesting momentum could continue. The MACD crossed above the signal line and showed increasing histogram bars, confirming a short-term bullish trend. Bollinger Bands reflected a period of contraction in the early morning, followed by a violent expansion when price broke back above the upper band.

Volume spiked significantly during the rebound, with the largest 15-minute volume of 1,407,612.7 units occurring at 03:30 ET as price began to recover. Turnover was also strong during this period, though divergences were observed in the early session where large volume moved without significant price movement, indicating consolidation or accumulation.

Structure & Formations

Key support levels formed at $0.0505 and $0.0509 during the overnight correction, while resistance emerged at $0.0515 and $0.0522. A bullish engulfing pattern at $0.0515 suggested strong buyer participation, and a series of higher lows reinforced the formation of a short-term base. A potential triple bottom pattern was also forming, with price testing $0.0505 three times, ending with a strong breakout. A doji formed at 04:00 ET, signaling indecision, but it was followed by a strong bullish reversal.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were crossed to the upside during the morning ET session. The 20-period MA provided immediate support and was retested multiple times during the day. The 50-period MA acted as a dynamic floor, with price bouncing off it three times. Daily moving averages (50/100/200) were not as relevant over the short time frame, but the 50-period MA on the daily chart served as a critical psychological level, which was tested and held during the overnight correction.

MACD & RSI

The 12-26 MACD crossed above the signal line at 05:00 ET, confirming a bullish crossover. Histogram bars expanded in size during the morning, signaling increasing momentum. RSI bottomed out at 34.5 and rose steadily to 54.5 by midday, indicating a strong move out of oversold territory without reaching overbought levels. Divergence between RSI and price was observed during the overnight low, where price hit a new low but RSI did not, suggesting a potential reversal.

Bollinger Bands

Bollinger Bands reflected a period of contraction from 03:30 to 04:45 ET, with volatility dropping to a low of 0.0003. The band width then rapidly expanded as price surged back above the upper band during the morning. Price remained within the bands for most of the session, with the exception of a brief breakout at $0.0525. The middle band acted as a dynamic support level and was respected during multiple bounces.

Volume & Turnover

Volume surged during the rebound, with the highest single 15-minute volume of 1,407,612.7 units occurring at 03:30 ET. Turnover mirrored volume, reaching a peak of $70,507.60 during the same period. A divergence in early morning volume was observed, where large volume did not move price meaningfully—suggesting accumulation or order book balance. The volume profile formed a strong bullish divergence pattern, with volume increasing as price rose during the recovery.

Fibonacci Retracements

Fibonacci levels were applied to the overnight swing from $0.0496 to $0.0525, with key retracement levels at 38.2% ($0.0509) and 61.8% ($0.0515). Price found support at both levels, with a strong rebound from $0.0509 and confirmation at $0.0515. The 100% extension level of $0.0525 was tested at the peak and then held as resistance. A daily swing from $0.0480 to $0.0540 showed similar retracement patterns, though they were less relevant to the 15-minute time frame.

Backtest Hypothesis

The backtesting strategy described focuses on leveraging 15-minute MACD crossovers and volume divergence as entry triggers, combined with Fibonacci retracement levels to set dynamic stop-loss and take-profit points. The data from today aligns well with this strategy, as a bullish MACD crossover occurred at 05:00 ET with strong volume confirmation and price action respect for key Fibonacci levels. A backtest using historical data on RAREUSDT could validate whether this strategy would have captured today’s rebound, with stops placed just below the 61.8% retracement at $0.0509. If profitable on a historical sample, it could be a viable short-term trading approach for similar setups.