Technical analysis by AltcoinPiooners about Symbol RARE: Sell recommendation (4/17/2025)

RAREUSDT Trend and Levels: The price of RARE/USDT had been in a bearish trend for several days, as indicated by the descending channel marked on the chart. The price initially dropped from around 0.0600 to 0.0501, then temporarily stabilized.Turning Point: On April 16, the price made a strong breakout from the descending channel, reaching a high of around 0.0680. This suggests a potential trend reversal from bearish to bullish.Trading Positions:A LONG position was opened at 0.06305 with a profit of 4.36%, indicating a successful bullish move.A SHORT position was opened at 0.0574, but the price dropped by 0.06%, resulting in a small loss.Trading Statistics: The group has executed 209 trades with a win rate of 95.05%. The total profit is 1235.83%, and the average profit per trade is 0.0740 USDT.Final Analysis: The current price is around 0.0574, after a slight decline from the peak. Despite this, the breakout from the descending channel suggests potential for further upside if the price holds above the 0.0555 level. If it falls below this level, the bearish trend might resume.