📊 Binance Technical Analysis: RAY/USDT 🚀
The RAY/USDT pair has shown impressive bullish momentum recently, up +22.73%, currently trading at $5.86. Let's dive into a quick technical analysis and identify key price targets for potential trades.
Key Data:
Current Price: $5.86 (+22.73% in the last 24h)
24h High: $6.30
24h Low: $4.73
Volume: 21.37M RAY traded (120.02M USDT)
Technical Insights:
1. Support Levels:
The price has bounced strongly from the $4.73 level (24h Low), providing solid support for further upside movement.
2. Resistance Levels:
The first resistance to watch is $6.00. If RAY manages to break above this level, the next target would be the $6.30 level, which aligns with the 24h High.
3. SAR Indicator:
The SAR (Stop and Reverse) indicator suggests that the bullish trend may continue as long as the price stays above the $5.91 range, with an upper resistance at $6.23. A close above $6.23 could signal a strong continuation to the upside.
Price Targets 🎯:
1. Target 1: $6.00 – Key short-term resistance; breaking this could pave the way for higher gains.
2. Target 2: $6.30 – The 24h High, a critical level for further confirmation of a bullish trend.
3. Target 3: $6.50 – If momentum persists, we could see a breakout to this level as the next resistance point.