Market Overview for SuperRare/Tether (RAREUSDT)

Summary
• Price tested key support near 0.0230–0.0233 before declining further to 0.0224–0.0227.
• MACD and RSI showed bearish momentum, with RSI trending oversold.
• Late-day volume surged as price collapsed near session close, hinting at potential capitulation.
• Bollinger Bands expanded, reflecting increased volatility toward the end of the period.
• A potential bearish engulfing pattern formed near 0.0233–0.0235 during early afternoon.

SuperRare/Tether (RAREUSDT) opened at 0.0236 on 2025-12-13 at 12:00 ET, peaked at 0.0237, dipped to a low of 0.0224, and closed at 0.0227 on 2025-12-14 at 12:00 ET. Total volume for the period was 6,979,855.1, with a notional turnover of approximately $160,696.

Structure & Formations

Price initially consolidated between 0.0233–0.0236, forming a tight range until midday. A bearish breakout occurred after 19:30 ET, leading to a sharp decline into the 0.0224–0.0227 range.

. A bearish engulfing pattern formed near 0.0235, suggesting short-term bearish bias. A 50-period moving average on the 5-min chart acted as resistance, while the 200-period daily MA appears to be a key psychological level to monitor.

Moving Averages and Momentum

The 50-period 5-min MA trended downward throughout the session, reinforcing bearish momentum. RSI dropped below 30 in the final hours, signaling oversold conditions. MACD turned negative and remained below the signal line, indicating sustained bearish pressure.

Bollinger Bands and Volatility

Bollinger Bands widened significantly in the late hours, coinciding with the price collapse. This expansion reflects growing uncertainty or panic in the market. Price ended near the lower band, suggesting potential for a rebound unless further weakness materializes.

Volume and Turnover

Volume increased notably in the late afternoon and evening, especially between 21:00 and 23:00 ET, as the price declined sharply. This volume divergence (lower price, higher volume) suggests conviction in the bearish move. Turnover surged during the final 4 hours of the period, aligning with the price decline.

Fibonacci Retracements

A key 61.8% Fibonacci retracement level was reached near 0.0226–0.0227, where price briefly found support. A 50% retracement of the initial bear leg (0.0236–0.0224) is at 0.0230, which may offer a key level for near-term buying interest.

Over the next 24 hours, a test of the 0.0224–0.0226 support range is likely, with the potential for a bounce or further breakdown. Investors should remain cautious of bearish continuation if price fails to rebound above 0.0227.