$RAY (Raydium)Technical Analysis: Momentum Builds After a Strong Rally

• Current Price: $5.502 (+13.80%)

• 24h High: $6.000

• 24h Low: $4.750

Technical Overview:

RAY is displaying strong bullish momentum, reaching a high of $6.000 before a minor pullback. The current price is consolidating around $5.50, suggesting that the market is digesting the recent gains and preparing for potential further moves.

• Moving Averages (MA):

• MA(7): $5.408 – supporting the current price, indicating strong short-term momentum.

• MA(25): $5.296 – near-term support level, showing the stability of the recent uptrend.

• MA(99): $4.531 – long-term support, indicating an overall bullish trend over time.

• Volume:

• Increased volume in the lead-up to the $6.000 mark signals strong buying interest. The subsequent decrease in volume suggests that traders may be waiting for further signals before committing to new positions.

• Support and Resistance Levels:

• Support: $5.296 – near the MA(25), providing immediate support if the price dips.

• Resistance: $6.000 – recent high, breaking above this could initiate further upside potential.

RAY shows sustained bullish strength with a slight pause after reaching $6.000. The moving averages are aligned for a continued uptrend, with $5.296 acting as a support base. Traders should watch for a breakout above $6.000, which could signify renewed upward momentum.#FedRateStrategy #BIOProtocol #AltCoinSeason #Trump47thPresident