$RAY RAY/USDT is currently trading with mixed signals. The price is below key moving averages (MA7: 3.166, MA25: 3.132, MA99: 3.071), indicating short-term bearish pressure. The 24h range (2.835–3.301) shows volatility, with the price struggling to hold above the 3.00 psychological level.
The RSI(6) at 35.744 suggests mild oversold conditions, but the MACD histogram (-0.006) and negative DIFF/DEA values hint at weak momentum. The 24h volume (8.47M RAY, 26.00M USDT) reflects active trading, yet the lack of bullish confirmation is concerning.
**Key Levels:**
- **Support:** 2.835 (24h low)
- **Resistance:** 3.166 (MA7), 3.301 (24h high)
**Prediction:**
If RAY holds above 2.835, a rebound toward 3.166 is likely. However, failure to break MA7 could lead to a retest of 2.835. Traders should watch for RSI recovery above 50 and MACD crossover for bullish confirmation.
**Action:**
- **Buy:** Above 3.166 with target 3.301.
- **Sell:** Breakdown below 2.835 may extend losses.
Risk management is key—set tight stops in this volatile environment.
