Transaction volume surged by 120% before a cliff dive! Clear signs of major seller offloading at $RAY !
Today, RAY exhibited a rise and fall trend on the 15-minute candlestick chart. The price quickly surged to a high of 2.5225 in the morning session before oscillating downward,
closing at 2.2598 by 16:00, a slight decrease of 0.35% for the day, with a volatility of 0.72%. The trading volume significantly expanded to over 4.54 million during the surge phase, then gradually shrank, indicating insufficient momentum for short-term chasing highs.
In terms of technical indicators, the MACD dual lines formed a death cross above the zero axis, with green bars slightly expanding; the KDJ indicator turned downward from a high position, with all three lines entering the oversold area;
The Bollinger Bands have narrowed, with the price retracing to the middle band support. Overall, the short-term bull-bear contest has intensified, and the price is in a high-level consolidation phase, requiring attention to subsequent volume coordination and key moving average support.
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