😎😎 Strong $RAY is in consolidation zone. Hey binance square :) Today I'll give an update on the state of RAY.

A quick flashback to the beginning of the 4th quarter of 2024

RAY's price was relatively stable around the $1.50 mark. In the middle of October its price began to rise pretty steadily until it consolidated for about 2 weeks between $3.50 and $3.00. On the day Trump won the US elections, it began to pump heavily with increased volume. Price peaked on 22nd of November with an impressive $6.50 🚀

The current state

We are currently in the consolidation zone that followed the price peak. I assume the dip on the 20th of December was the lowsest price in this consolidation phase, with a minus of 41% from the previous high. Compared to other altcoins, the price held good during the last 3 weeks. Another argument supporting my claim that RAY is very strong in this cycle is that during phases where altcoins started to recover from decreasing prices, RAY was often the quickest to do so. Like today, where it shows pretty solid growth since the market turned to the upside again.

What is your opinion on RAY? Will it be able to continue its strong upside trajectory we saw this year? Discuss in the comments!

Trade safe! 😎