📊 RAY/USDT Chart Analysis & Price Prediction 🔮

1️⃣ Quick Overview:

RAY/USDT is currently trading at $3.436, showing a +5.08% increase in the past 24 hours. The price is showing an upward trend after reaching a recent high of $3.655.

2️⃣ Bollinger Bands:

• Upper Band (Resistance): $3.568

• Middle Band (Support): $3.237

• Lower Band: $2.906

The price is approaching the upper Bollinger Band, indicating possible resistance. A breakout could push it higher, while a rejection might bring it down to test support levels.

3️⃣ RSI (Relative Strength Index):

• RSI (6): 60.3 (mildly bullish)

• RSI (12): 59.0 (neutral-bullish)

• RSI (24): 57.8 (neutral)

The RSI is in the neutral-bullish zone, suggesting room for further upward movement if buying pressure continues.

4️⃣ MACD (Moving Average Convergence Divergence):

• The MACD line is above the signal line, indicating bullish momentum. If the gap between them widens, it could signal a stronger uptrend.

5️⃣ Volume:

• Trading volume has increased, adding strength to the recent bullish movement. Sustained volume at these levels can support further gains.

📈 Price Prediction:

• Bullish Case: If RAY breaks above $3.568, the next target could be $3.80 or even $4.00.

• Bearish Case: A drop below the middle Bollinger Band support ($3.237) could lead to further downside, with support around $2.90.

$RAY

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