Rarible (RARI) and DODO Technical Analysis: Buyers Firm Amid Minor Selling Pressure
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Rarible (RARI)
Rarible, the community-driven NFT marketplace on ETH, relies on the RARI token for governance.
Past Performance of RARI
The Rarible crypto is under pressure at the time of writing, sliding low against the USD.
Technically, RARI token sellers are commanding as per the RARI technical analysis in the daily chart. RARI/USDT prices might recover if the middle BB holds, bouncing above $23 in buy trend resumption.
Day-Ahead and What to Expect
Nonetheless, the path of the least resistance from a top-down approach is bullish—though this is quickly fading as RARI token craters.
As per the RARI/USDT candlestick arrangement, the middle BB and $19 offer immediate support. Therefore, sharp losses below, especially $19, may signal a bear trend continuation.
On the reverse side, gains above $23 may trigger demand, a move that may prop RARI coin buyers currently under pressure.
Rarible Technical Analysis
At spot rates, the RARI token is down over 40 percent from September 2021 highs. While RARI/USDT slides, bears are unrelenting.
However, as aforementioned, the trend could shift if there is a close above $23 and recent consolidation, paving the way for Rarible token buyers. In that case, RARI may expand to October 2021 highs of $29.
On the reverse side, RARI may crash to $12 if the middle BB and $19 fails.
DODO
The multichain DEX with a unique AMM depends on DODO to prime its ecosystem.
Past Performance of DODO
Although DODO prices may be trading in tight ranges, buyers have the upper hand.
As per the DODO technical analysis in the daily chart, every low may present a loading opportunity for traders. It is considering the DODO crypto outperforming the greenback on the last trading day.
Day-Ahead and What to Expect
The DODO coin candlestick arrangement in the daily chart is supportive of buyers.
For instance, DODO/USDT prices are trending inside the October 15 bullish bar, and trading volumes are comparatively lower than the trajectory-defining bar.
Technically, this is bullish from a volumes analysis perspective. Even so, this is valid as long as DODO/USDT prices hold above $1.40.
DODO Technical Analysis
DODO/USDT prices are in a tight bullish trade range.
Aforementioned, DODO crypto buyers may search for entries above the middle BB and $1.40 with immediate targets at $2 and later $2.5.
Conversely, price action will shift in favor of sellers if there is a dip below the October 15 bull bar. In that case, DODO may drop back to $1.1 in a bear trend continuation pattern.