💥 [TECHNICAL ANALYSIS RAY - TARGET $3.4 – $3.6]
📌 Technical model: Double Bottom (2 bottoms)
RAY has formed a clear double bottom pattern with:
Bottom 1: ~1.37 USD
Bottom 2: ~1.75 USD
Neckline (resistance area): ~2.35 – 2.50 USD
Successfully broke out with confirmed volume → strong bullish signal.
🎯 Technical price target:
Applying the Double Bottom model formula:
Target = Neckline + (Neckline – Lowest Bottom)
→ Target = 2.5 + (2.5 – 1.37) = ~3.63 USD
⚡ Potential target area: 3.4 – 3.6 USD
📈 Factors supporting the upward trend:
✅ High breakout volume → confirms the model has strength.
✅ Price maintains above MA200 daily → positive medium-term trend.
✅ BTC is in a sideways movement, capital is shifting towards altcoins.
✅ Solana – the ecosystem of RAY – is also recovering.
⚠️ Risks to note:
If BTC makes a strong correction → altcoins will be affected broadly.
If the price falls back below 2.5 USD → the model may fail, careful stop-loss is needed.
✅ Suggested trading strategy:
Price RangeAction2.6 – 2.8 USDDCA if there is support3.0 – 3.2 USDTake partial profit3.4 – 3.6 USDTake main profit according to the model>3.6 USDCan hold 10 – 20% to ride the trend
💬 Conclusion:
RAY is showing clear technical strength with a complete 2 bottom model. If the altcoin trend continues, RAY's price could very well reach 3.4 – 3.6 USD in the short to medium term.
📌 Always have a DCA plan and risk management if the market fluctuates unexpectedly.
$RAY $RAYSOL @WalletConnect #WalletConnet $WCT