$RAY Trend:
The weekly chart shows a clear downtrend from the $8.70 high, followed by a base-building phase with higher lows forming since the $1.388 bottom. The recent bullish candle suggests an attempt to break the bearish structure, but the market is still within a broader range
Using the last 3-day price action (High: $2.50, Low: $2.10), Fibonacci retracement levels are:
0.0% (High): $2.50
23.6%: $2.41
38.2%: $2.35
50.0%: $2.30
61.8%: $2.25
100.0% (Low): $2.10
Bullish Scenario:
If RAY/USDT can hold above the $2.25–$2.30 Fibonacci cluster and break above $2.41, expect a test of the $2.50 resistance. Sustained bullish momentum could target $2.63, the next major weekly resistance.
Bearish Scenario:
Failure to hold above $2.25 may see a retest of $2.10. A break below this level would expose the $1.39 macro support.
Watch the $2.25–$2.41 zone closely for the next 3 days—this is where the battle between bulls and bears
