Rarible (RARI)

1. Fundamental Analysis

1.1 Introduce

RARI is the native governance token of the NFT marketplace Rarible, designed to reward active platform users with a voice on the platform s future. RARI has been created to give Rarible community the power to influence decisions and incentivize active participation.

1.2 Basic Info

2. Technical Analysis

2.1 Kline Data

2.2 Analysis

The recent price action shows a strong upward trend followed by a significant correction, suggesting a period of consolidation or potential further decline before resuming an upward trajectory. The high volume during the December 4th drop and subsequent recovery indicates significant market interest and volatility. While short-term predictions are uncertain, a longer-term bullish outlook remains cautiously probable, pending confirmation of support levels. However, increased volatility and potential for further price fluctuations should be anticipated in the near term. A sustained break above the recent highs around 3.771 would signal renewed bullish momentum. Conversely, a break below the support level of approximately 2.333 would be a bearish signal.