$RAY Gearing Up for Another Surge? Chart Signals Possible Push to $2.80

Over the past week, RAY has gained significant traction, climbing nearly 8% today to trade around $2.24. After a period of consolidation, the price is now showing signs of bullish momentum, with traders eyeing a potential continuation of the uptrend.

On the 4-hour chart, #Ray has been forming higher lows since early June, indicating growing demand. Currently, the price is hovering near a key support zone at $2.24—the same level from which it bounced recently. As long as RAY maintains this support, there's a good chance of a move toward $2.45, and possibly extending up to $2.80, which was today’s high.

However, if the price fails to hold above $2.20, a drop toward the recent low of $1.94 could occur.

Meanwhile, trading volume remains healthy, with 23.88 million RAY exchanged in the past 24 hours, valued at $57.17 million USDT. This signals strong interest from both retail and DeFi-focused traders, as RAY remains one of the top DeFi gainers of the day.

On the macro side, if overall DeFi sentiment continues to improve, RAY could gain more attention—especially as it regains levels seen earlier in this cycle. In late 2021, RAY traded well above $5, showing that there's still plenty of room for upside if market conditions align.

Key Levels to Watch:

Support Zone: $2.20 – $2.24

Immediate Target: $2.45

Breakout Target: $2.80

Downside Risk Level: $1.94

Traders may consider this a high-reward zone but should use proper risk management strategies. A confirmed break above $2.45 could fuel further gains.

Buy and Trade Here on $RAY

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