The chart shows the RAY/USDT pair on a weekly timeframe. Key points of the analysis:

  1. Strong Upside Momentum: Price is up 45.95% in a week, indicating high volatility and strong demand.

  2. Moving averages:

    • The 7-day (2.817), 25-day (2.044) and 99-day (0.989) MAs show that the price is significantly above these levels. This confirms the bullish trend in the short and long term.

    • MA/EMA crossover (10) also supports the rise.

  3. Bollinger Bands: Price breaks out of the upper Bollinger Band, signaling strong bullish momentum, although it may also indicate possible overbought conditions.

  4. Resistance Zone: The $5-$6 level is marked with a purple rectangle and represents an important resistance zone. If the price can break through this level, it could open the way for further gains.

  5. Triangle: Formation of an exit from the triangle in the direction of growth. A breakout from it confirms the possibility of continuation of the upward trend.

General conclusion:

Current conditions are favorable for growth, but it is important to watch the resistance zone of $5-$6. A consolidation of the price above this level could lead to stronger growth in the long term.

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