📢
$RAY RAY/USDT Technical Analysis – February 8, 2025
🌊 Current Price: $4.88 (-7.11%)
📈 24h High: $5.714 | 📉 24h Low: $4.780
📊 24h Volume: 6.66M RAY ($34.72M USDT)
---
🔍 Technical Overview
Raydium (RAY) is experiencing a pullback after reaching a high of $5.71. The price is testing key support levels, and traders should watch for a potential bounce or further downside movement.
📌 Key Levels:
✅ Support: $4.80 | $4.50 | $4.20
🚀 Resistance: $5.00 | $5.30 | $5.60
---
🎯 RAY Price Targets:
🎯 Target 1 – $5.00 (Short-term)
If RAY holds above $4.80, a retest of $5.00 is likely.
RSI is approaching oversold territory, signaling a potential reversal.
🎯 Target 2 – $5.30 (Mid-term)
A breakout above $5.00 could push RAY toward $5.30.
This level aligns with the 50-day moving average, making it a crucial resistance zone.
🎯 Target 3 – $5.60 (Long-term)
If bullish momentum returns, RAY may attempt to reclaim $5.60.
Breaking this level could open the door for a larger uptrend.
---
📢 Trading Strategy:
🔹 Bullish Scenario: If RAY stays above $4.80, traders may look for long positions targeting $5.00 and $5.30.
🔹 Bearish Scenario: A drop below $4.80 may trigger a retest of lower supports at $4.50.
📢 Monitor volume and market sentiment for confirmation!
🔥 Like & Share if you're bullish on RAY!
#rayhanbros #defi #CryptoTrading #Binance