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RARE's recent performance is quite interesting. Around the price level of 0.02950, the bearish pressure is not strong, but the bulls haven't shown much active participation either. I checked the contract data, and although the open interest has increased, the growth is quite small—indicating that retail investors haven't entered the market on a large scale.
This situation is actually worth paying attention to. When neither side of the contract has a clear advantage, it often means that there is genuine demand for a rally or rebound in the spot market. There isn't much short-term suppression, but there's also a lack of sufficient bullish momentum. It's like the market is gathering strength in a state of quiet before a move.
Of course, this is just a short-term perspective and doesn't represent the long-term trend. If you want to participate, testing key levels is the right approach, and heavy positions should still be approached with caution. The market changes rapidly, so protecting yourself is the top priority.