Market Overview: SuperRare/Tether (RAREUSDT) 24-Hour Analysis (2025-09-25)

• SuperRare/Tether (RAREUSDT) fell 5.3% in 24 hours, breaking below key support at 0.0515.
• Price action showed increasing bearish momentum, with a low of 0.0491 and declining RSI.
• Volatility expanded, with Bollinger Bands widening and price diverging from turnover.
• A long-legged bearish Doji appeared near 0.0505, suggesting short-term indecision.
• Volume surged in the final 6 hours, confirming weakness despite a modest bounce.

At 12:00 ET–1 on 2025-09-24, SuperRare/Tether (RAREUSDT) opened at 0.0521 and closed at 0.0492 at 12:00 ET on 2025-09-25, hitting a high of 0.0521 and a low of 0.0491. Total 24-hour volume was 12.45 million units, with a notional turnover of approximately $641,627.

Structure and formations show a breakdown below 0.0515 and 0.0510, two critical support levels. A bearish engulfing pattern formed on the 15-minute chart around 03:45 ET, followed by a long-legged bearish Doji at 0.0505, suggesting short-term indecision. The price has been confined below the 20- and 50-period moving averages for much of the day, with a clear downward drift.

The RSI hit oversold territory at 28, but price continued to fall, indicating bearish momentum may not yet be exhausted. MACD turned negative early in the session, with the signal line crossing below it, reinforcing the bearish bias. Bollinger Bands expanded in the late hours of the session, particularly between 06:00 and 09:00 ET, coinciding with a drop from 0.0505 to 0.0492. Price has remained below the lower band for most of the session, signaling heightened volatility and bearish bias.

Volume and turnover spiked sharply in the final 6 hours, with the most intense selling observed between 09:00 and 12:00 ET. Despite a modest rebound after 12:00 ET, price failed to reclaim key levels above 0.0505. Divergence between price and turnover in the 12:30–12:45 ET window suggests caution.

Fibonacci retracement levels from the high of 0.0521 to the low of 0.0491 show 0.0505 (38.2%) and 0.0497 (61.8%) as key potential turning points. Price is currently near the 61.8% retracement level, which may act as a short-term support or trigger further downside if broken.

The backtest strategy involves entering a short position when RAREUSDT breaks below the 38.2% Fibonacci retracement level (0.0505), with a stop-loss at the 61.8% level (0.0497) and a target at the prior support of 0.0491. The strategy uses the RSI crossing into oversold territory as a confirmation filter to avoid false breakouts. Given the recent volatility and volume confirmation, this setup may offer a high-probability short entry for the next 24 hours.