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RARI Price Soars 7% Amid Upcoming Exchange Listing - Bulls Eye $1.25

Highlights:

  • RARI price surges 7% to the $1.00 mark as trading volume increases 301%. 
  • The Rari token is set to be listed on a tier-1 exchange, a significant step towards the token’s progress.
  • RARI bulls eye $1.25 as bullish sentiment bolsters. 

The Rari price is among the top trending coins in CoinMarketCap, surging 7% to $1.00 mark. The trading volume has notably soared 301% indicating intense market activity. This increase in the rankings suggests that a significant number of speculators, investors, and community members are working in tandem to create the momentum currently experienced by RARI. RARI is now up 3% in a week, despite the 1% slip over the past month. 

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Meanwhile, the RARI Foundation has been making efforts to extend the network and liquidity. According to a recent update by the foundation, the token will soon be listed on a tier-1 exchange, a significant step towards the token’s progress. The action is expected to increase RARI’s accessibility to a broader audience and introduce market depth.

The technical readiness of RARI is one of the main preparations made towards this launch. To ensure a smooth integration, the foundation has taken into consideration various factors. These include contract validation, address validation, API compliance, and compatibility with other wallet and pool systems. The team is also developing educational materials and cross-branded sessions to help guide users through the complexities of the market. The sessions will focus on the responsible use of decentralized finance (DeFi) and the mechanics of providing liquidity. Moreover, the upcoming listing could ignite a rally.

RARI Price Breaks Out of a Falling Wedge

The RARI price 4-hour chart shows that the token has broken out of a falling wedge. Recently, it hit a daily high of around $1.07, before plunging towards $1.00. The positive sentiment remains evident as the 0.9891 and 0.9739 act as support levels. However, the long-term MA has crossed above the short-term, cautioning traders of a potential slip, as it signifies a death cross.

RARI price
RARI/USD 4-hour chart: TradingView

Moreover, the RSI is at 57.94, indicating a neutral status and potential upward movement. Its position above the 50-mean level tilts the odds towards the buyers, as there is still room for further movement. The MACD’s recent move signals further upside, calling for traders and investors to rally behind the RARI token. 

How High Can RARI Go?

With the upcoming exchange integration, RARI is poised for further upside. Moreover, it’s among the trending coins, exposing it to a broader range of investors. If the rally spikes out, a rebound to $1.07 could be imminent. A break above this may cause further upside towards $1.13-$1.25 by September. 

On the downside, if early profitering kicks in, the token may plummet. In such a case, a drop towards $0.98 support zone will be imminent. Only a breach below the $0.97 will invalidate the bullish outlook, causing further downside to $0.90. Meanwhile, the positive outlook signal further upside amid the upcoming tier-1 exchange integration. If the bulls maintain their momentum, the $1.25 could be plausible soon.

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