$RAY Surges +35%! RSI Resets to 51 — Dip Consolidation Before a Re-Test of $1.20?
Demonstrating strong bullish momentum in the DeFi gainer sector on Binance,
$RAY (Raydium) has posted a solid +35.34% daily gain with $10.36M USDT volume backing! After printing a local top at 1.2000 from its 0.8299 low, price is currently pulling back to consolidate around 1.1237.
Trade Bias: Bullish Continuation / Dip Accumulation
Entry Zone: 1.0500 – 1.1100 (Accumulate long positions near floor support base)
Targets: 1.2000 ➡️ 1.2800 ➡️ 1.3800
Stop Loss: Below 1.0000
Technically, the 15m chart structure remains firmly under buyer control. Parabolic SAR trailing dots overhead at 1.1888 act as immediate dynamic resistance, while RSI (6) has cooled off to a perfectly healthy 51.26. This reset provides plenty of breathing room for buyers to initiate the next expansion leg up. Holding above the 1.0000 dynamic floor keeps the overall structure bullish, with a clean 15m breakout above 1.2000 opening the way toward $1.2800+.
Are you buying this consolidation dip... or waiting for a breakout above 1.2000?
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$RAY #Ray #raydium #BinanceSquare