#RAYAnalysis
$RAY /USDT Price Surge: Critical Resistance Tested $RAY is currently trading at $7.736, surging 28.14% within 24 hours. The coin has hit a high of $7.950 and shows significant bullish momentum as indicated by the RSI at 76.31, approaching overbought levels. The MACD also shows strengthening momentum with bullish crossovers.
Key Levels to Watch
Resistance:
$7.950: Immediate resistance. A breakout could propel RAY toward the $8.50 mark.
$8.500: Next potential target if bullish momentum sustains.
Support:
$7.450: Immediate support. Losing this could lead to a pullback.
$6.900: Strong support zone for maintaining upward trend.
Trade Setup
For Longs:
Entry: Around $7.750.
Targets: $8.000 and $8.500.
Stop-loss: Below $7.400.
For Shorts:
Entry: Near $7.950 if rejected.
Targets: $7.450 and $6.900.
Stop-loss: Above $8.050.
Market Insight
RAY is displaying strong bullish signals, but overbought RSI could lead to minor corrections. Volume spikes support the rally, signaling high investor interest. Monitor $7.950 for breakout confirmation or signs of exhaustion.