$RAY - Bulls Eyeing $7.50 Breakout 🚀

Raydium (RAY) has seen a strong push, currently trading at $6.99, with a 5.07% gain in the last 24 hours. The price recently tested $7.24, marking a key resistance zone.

🔹 Entry Range: $6.85 - $7.05

🎯 Target 1: $7.40

🎯 Target 2: $7.80

🛑 Stop Loss: $6.60

📊 Market Overview:

RAY has rallied from $6.30 lows, showing strong bullish momentum.

Resistance at $7.20-$7.25 could slow further upside if buyers fail to hold momentum.

A confirmed breakout above $7.40 could trigger a push towards $7.80+.

🔎 Key Observations:

1️⃣ Breakout Watch: A close above $7.25 could confirm bullish continuation.

2️⃣ Volume Surge: Increased trading volume suggests strong buying interest.

3️⃣ Retracement Zone: A dip to $6.85 could offer a re-entry opportunity before another leg up.

4️⃣ Rejection Risks: If bulls fail to hold above $7.00, a pullback to $6.60 is possible.

⚠️ Caution: A rejection at $7.25 could trigger short-term consolidation before another breakout attempt.

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