๐ RAY/USDT Technical Analysis
Current Price: $4.806
RAY/USDT is currently at a critical level, signaling the potential for a major price movement. The key support at $4.70 is holding firm, maintaining a bullish outlook, while resistance at $4.90 serves as the immediate hurdle. A breakout above this level could trigger renewed buying momentum.
๐ Key Levels to Monitor:
Support: $4.70 (vital for buyers to defend)
Resistance: $4.90 (breakout target), with further resistance at $5.20
๐ Entry Strategy:
Bullish Case: A confirmed breakout and close above $4.90 with strong volume could lead to a rise toward $5.20โ$5.40, offering good upside potential.
Bearish Case: A drop below $4.70 could lead to a pullback to the next support at $4.50.
๐ Technical Indicators:
RSI is near 50, indicating neutral momentum. Increased volume near resistance could act as the catalyst for a breakout.
โ ๏ธ Watch the Chart: RAY is testing key levels, and a decisive move could be imminent. Traders, be preparedโmomentum could shift at any moment! ๐
