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Cryptoknowmics 2022-05-17 20:55:57

SuperRare Rising, RARE Bulls Aiming at $0.36

SuperRare is up an impressive 72 percent from last week’s lows, outperforming the USDT and BTC. In the immediate term, buyers may target Q1 2022 lows of $0.36. Past Performance of SuperRare SuperRare crypto prices are up 72 percent from last week’s lows, outperforming the USDT. As from the RAREUSDT formation in the daily chart, prices are still within a bear breakout formation. However, at spot rates, the recovery points to a possible retest towards $.36. SuperRare Technical Analysis RARE bulls have the lead at spot levels, bottoming from 2022 lows. From a top-down approach, RARE is within a bear breakout formation with resistance at $0.36. This level flashes with January 2022 lows and marks the immediate buy target. Notably, the recovery from last week’s lows is with markedly high trading volumes. The surge of May 16 confirms gains of the bullish engulfing bar of May 13. Since prices are within the May 16 bull bar, traders may look for entries above $0.20. The immediate target lies at $0.36. What to Expect from RARE? The recovery of the broader crypto market is favorable for RARE. As long as prices are above $0.20, buyers may continue loading, targeting Q1 2022 lows of $0.36.The post SuperRare Rising, RARE Bulls Aiming at $0.36 appeared first on Cryptoknowmics-Crypto News and Media Platform.

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