The Moving Average Convergence Divergence (MACD) indicator on the 4-hour chart is about to trigger a major bullish technical signal. Over the past 24 hours, the MACD line has been rising towards the MACD Signal Line.
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The MACD line is currently attempting to cross the MACD signal line. If this cross occurs, it could indicate that SuperRare price has entered a short-term positive trend.
Meanwhile, trading activity around the coin has decreased over the past 24 hours. This is evident from the narrowing of the difference between the upper and lower bands of the Bollinger Bands indicator.
If the two bands continue to converge, this could lead to lower prices. RARE could eventually go bankrupt.
SuperRare price is also approaching the upper boundary of the aforementioned positive price channel, which is confluent with the upper band of the Bollinger Bands indicator on the 4-hour chart, as well as the resistance level of $0.2458.
All of this combined could be a major technical hurdle that investors and traders will want to keep an eye on.
