RAY/USDT Analysis (4-hour chart)
RAY/USDT is currently trading at 2.123 USDT, up 12.15% in the last 24 hours. The highest in the last 24 hours was 2.128 USDT, while the lowest was 1.885 USDT, indicating strong volatility in the pair.
Looking at the chart, the MA(7) is above the MA(25) and MA(99), indicating that the bullish trend is firmly in place. The price is currently above all three moving averages, supporting the uptrend.
The MACD indicator shows that DIF is above DEA and the MACD is at 0.029, creating a positive buy signal. Trading volume has also increased sharply, further strengthening the bullish momentum.
The RSI (6) is at 86.246, indicating that the market is in the overbought zone and a short-term correction may occur. However, RSI (12) and RSI (24) at 82.447 and 72.585 respectively remain positive and support the current trend.
Investors need to closely monitor further developments to determine whether the uptrend will continue, especially in the context that RSI is showing signs of overbought.$RAY