$RAY

/USDT: A powerful pullback creates conditions for a bullish rally

RAY/USDT has demonstrated a remarkable recovery, trading at $5.213, with an impressive daily gain of 18.24%. After hitting a low of $3.971 in the last 48 hours, the price sharply rose, testing a 24-hour high of $5.250, driven by increased buying interest. This recovery from key support around $4.393 indicates a strong bullish sentiment, as buyers regained control after an extended bearish phase. A breakout above resistance at $5.000 suggests the potential for a continued rally, with the next target around $5.500, a critical level to watch for further upward momentum.

On the downside, traders should watch for potential corrections. The support zone around $4.845 could become a strong re-entry point if the price encounters temporary pullbacks. Failure to hold this support could push the price to $4.376, but with current bullish volume exceeding 16.76M RAY, the momentum favors an upward movement. RAY is one of the hottest coins in the market, and traders should remain vigilant.