NFTs are not dead, they’re evolving: Hashing It Out podcast
Current State of NFTs: Jana Bertram from RARI Foundation discusses the decline in NFT trading volumes but emphasizes that NFTs remain important for creators and innovative applications, despite challenges like royalty debates impacting earnings.
Future Prospects: Bertram envisions a shift in NFTs towards practical uses beyond digital art, such as identity verification and ownership records, while acknowledging public skepticism surrounding their speculative nature.
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Technical Analysis for RARI
Technical Sentiment Analysis for Rarible (RARI) As of , Rarible (RARI) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for RARI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, RARI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Rarible (RARI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0533 | 0.094 | 0.129 | 0.17 | 0.205 | 0.246 | 0.281 |
| Fibonacci | 0.094 | 0.123 | 0.141 | 0.17 | 0.199 | 0.217 | 0.246 |
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