RARE Token Breaks 700-Day Downtrend, Eyes $2.12 as Market Momentum Builds

RARE token ends a 700-day decline, breaking out with strong trading volume and signaling a possible market reversal.

The token holds above its breakout level, forming higher support zones as investors increase market activity.

RARE’s next move depends on sustained buying pressure as it nears key resistance points in its recovery.

RARE token has moved out of a prolonged downtrend after nearly 700 days of declining prices. A breakout from the bearish pattern has shifted market sentiment, with increased trading activity confirming the change.

Extended Downtrend and Breakout

The price of RARE fell from a peak of approximately $2.05, following a steady downward trajectory. A descending trendline formed multiple lower highs, reinforcing the long-term bearish trend. The decline lasted for 140 bars, spanning nearly two years.

After repeated rejections along the trendline, the token finally broke out at a lower price level. Trading volume surged at the breakout, signaling renewed market interest. This shift in momentum pushed the price into a consolidation phase, where it experienced moderate fluctuations before attempting further movement.

Market Trends and Price Target

Javon Marks’ analysis sets a breakout target of $2.12938, marking a potential recovery path. Volume data indicates strong buying activity at key levels, reflecting growing confidence among traders. The price continues to hold above the breakout point, suggesting a shift in market conditions that could influence future trends.

The asset is now forming higher support zones as it stabilizes after the breakout. Trading activity remains volatile, with investors reacting to price changes and key technical levels. Maintaining steady buying pressure will be critical for sustaining the upward trajectory and testing new resistance zones.

Future Price Movement

If the token holds above the breakout level, it could move toward higher resistance points. The market is transitioning from a prolonged downtrend into a possible recovery phase, with historical trends supporting this shift. Higher trading volumes indicate sustained interest in RARE’s price activity. The long-term trend reflects a shift in market structure. The asset remains at a critical level, and upcoming resistance zones will be key in determining its next move.

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