Market Overview for SuperRare/Tether (RAREUSDT): 24-Hour Analysis as of 2025-09-18

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• RAREUSDT closed 0.0581 (−0.17%) with a 1.8% range; price failed to break key resistance at 0.059.
• Volume surged near 0.0594–0.0595 on 9/18 ET, confirming short-term resistance.
• RSI overbought conditions seen early, followed by a pullback into neutral territory.
• Bollinger Bands showed mild expansion as volatility increased into 0.059.
• Key support at 0.0584 held, preventing a deeper correction in late 9/17.

SuperRare/Tether (RAREUSDT) opened at 0.0580 on 2025-09-17 at 12:00 ET, reached a high of 0.0597, dipped to a low of 0.0576, and closed at 0.0581 as of 2025-09-18 at 12:00 ET. The total 24-hour volume was approximately 112,259,353.40 and notional turnover was $6,483,100.24.

Structure & Formations

Price action on RAREUSDT formed a bullish engulfing pattern on 2025-09-17 at 19:30 ET, followed by a bearish reversal at 20:15 ET. Key resistance levels appear around 0.0594–0.0595, where price struggled to break through on 9/18. Support at 0.0584 has shown resilience, containing declines and acting as a potential short-term floor. A bearish divergence in the later hours suggests further consolidation or a pullback is likely.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA briefly during the late evening of 9/17, indicating short-term bullish momentum before a sell-off. The 50-period MA remains above the 100-period MA on the daily chart, suggesting medium-term strength. However, the 200-period MA acts as a psychological floor, currently at ~0.0575. A break below would signal a shift in sentiment.

MACD & RSI

The MACD line turned bearish after a brief crossover near 0.0594, with the signal line pulling back into negative territory. RSI peaked at 68 during the 9/18 morning session before retreating into neutral territory (~55–58), indicating neither overbought nor oversold conditions. This suggests price could consolidate or test key levels before a new directional move.

Bollinger Bands

Bollinger Bands expanded during the early 9/18 hours, driven by increased volatility around the 0.0591–0.0595 range. Price closed just below the upper band, indicating a rejection of key resistance. The narrowing of bands in the early 9/17 session hinted at a potential breakout or breakdown, which partially materialized with a failed push above 0.0595.

Volume & Turnover

Volume spiked on 9/18 between 03:15 ET and 04:30 ET, reaching over 478,000 in single candles, confirming bullish momentum before the price reversal. The highest notional turnover (~$35,000) occurred around 03:30 ET when price hit 0.0599. Price and turnover appear aligned on the upside but diverged after 05:00 ET as volume declined while price dipped. This suggests a weakening of bullish conviction.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent swing from 0.0576 to 0.0597 shows key levels at 0.0586 (38.2%) and 0.0590 (61.8%). The 38.2% level at 0.0586 held during 9/18, preventing a deeper correction. The 61.8% level appears as a potential short-term ceiling for buyers. On the daily chart, Fibonacci levels suggest 0.0584 as a critical support.

Backtest Hypothesis

Given the observed pullback at key resistance levels and the strength of the 0.0584 support, a potential backtesting strategy could involve a short-term long entry on a bullish breakout above 0.0591 with a stop below 0.0584. This would align with both volume confirmation and the psychological significance of the 0.0591–0.0595 cluster. A trailing stop could be placed just below the last swing low to capture any bullish continuation. The strategy would aim to leverage the momentum seen in the early morning of 9/18, capitalizing on the RSI re-entry into neutral territory as a signal of potential consolidation.