Technical Analysis for RAY/USDT:
Current Price: $5.05
24h Price Change: +19.03% (Bullish momentum)
24h High/Low: $5.10 / $4.19 (Wide range, indicates volatility)
Volume: 15.41M RAY traded, 72.58M USDT in 24h (Good trading volume)
SAR (Stop and Reverse): 0.02, 0.2 (Bullish signals, showing upward trend)
Key Technical Indicators:
Support Level: $4.19 (Strong support zone)
Resistance Level: $5.10 (Key resistance zone)
Moving Averages:
Short-term: Bullish crossover (short-term moving averages trending up)
Medium/Long-term: Bullish trend confirmed with higher highs and higher lows
Trade Signal:
Signal: Buy
Trend Momentum: Bullish
Entry Point: Near $5.05 (current price), with confirmation of upward movement
Stop Loss: $4.84 (support level and below recent price action)
Target Levels 🎯:
1. First Target: $5.20 – Minor resistance zone, if momentum continues
2. Second Target: $5.50 – Stronger resistance level, a potential take-profit point
3. Third Target: $5.80 – Major resistance zone and potential for higher gains
Trade Momentum:
The market shows bullish momentum with solid trading volume and price action. The SAR indicator supports upward movement, and the price has already shown strong growth (+19.03%). A breakout above the $5.10 resistance could push prices higher toward the next targets.
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