$RAY

/USDT Technical Analysis: Bulls or Bears?

RAY/USDT currently trades at $4.524, showing a -17.20% decline over the past 24 hours. With significant market fluctuations, let’s dive into the potential price targets:

🎯 Target 1: $4.30 (Immediate Support)

RAY is testing its immediate support at $4.30. If this level holds, we may see a bounce-back, signaling a potential recovery phase. However, a breakdown could lead to further downside pressure.

🎯 Target 2: $5.00 (Key Resistance)

The $5.00 level acts as a critical resistance point. A bullish breakout above this could pave the way for stronger upward momentum. Traders should watch for increased buying volume here.

🎯 Target 3: $5.55 (Major Resistance)

If the bulls regain strength, the next target would be $5.55, the 24h high. Breaking this level could confirm a bullish trend reversal and attract more investors.

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