$RARE USDT is locked in a tight consolidation band after rejecting from 0.02114 and stabilizing around the 0.0200 psychological pivot. Price action on the 1H shows compression with lower volatility and flat moving averages, indicating equilibrium between buyers and sellers after the prior impulse. The range is clearly defined between 0.0198 support and 0.0206–0.0208 resistance.
Market Overview:
Intraday structure is neutral-to-bullish while RARE holds above 0.0198. The lack of follow-through selling after the rejection suggests absorption rather than distribution. Current sideways movement represents accumulation under resistance, with liquidity building for a breakout attempt. Acceptance above 0.0208 would confirm range expansion toward 0.0215–0.0220. Loss of 0.0198 shifts bias back to range lows.
Trade Plan:
EP: 0.0199–0.0201 range support zone
TP: 0.0213 first objective, 0.0222 extension
SL: 0.0194 below range invalidation
Outlook:
Holding above 0.0200 keeps breakout potential active with compression nearing resolution. A confirmed push through 0.0208 would trigger momentum expansion from the base. Failure to hold 0.0198 exposes 0.0190 demand. This is a volatility-compression setup with favorable positioning for upside range release.
