🚨 $RAY /USDT Update: Strong Rally in Progress! 🔍
$RAY is trading at $4.884, up +2.07% in the last 24 hours, with a high of $4.987 and a low of $3.971. The 24-hour trading volume is robust at 13.37M RAY ($60.17M USDT), reflecting significant market activity.
Analysis:
On the 4-hour chart, $RAY is displaying strong bullish momentum, gaining +7.70% in recent sessions. The current price is approaching key resistance levels near $5.00, with immediate support around $4.60. A breakout above $5.00 could signal a continuation of the rally.
💡 Trade Setup:
Bullish Scenario (Long):
Entry: Above $5.00
Targets: $5.40, $5.80, $6.00
Stop Loss: Below $4.60
Bearish Scenario (Short):
Entry: Below $4.60
Targets: $4.20, $4.00, $3.80
Stop Loss: Above $5.00
Market Sentiment:
$RAY's performance aligns with renewed interest in DeFi tokens, fueled by its impressive 222.84% growth over 90 days. Traders should watch for volume spikes and broader market conditions for confirmation of further trends.
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