$RAY /USDT Showing Upward Momentum After Testing Recent Low
Hey everyone,
Let's take a look at the $RAY /USDT chart. The current price of Raydium is at $2.875, showing a positive increase of +1.70% recently.
Looking at the last 24 hours, RAY ranged from a Low of $2.605 to a High of $2.897. The 24h Volume stands at 4.62M RAY, which is equivalent to 12.72M in USDT.
The chart shows a clear bounce back from the 24-hour low. We can see a series of green candles forming, indicating buying pressure and an upward momentum. The price is currently trading just below the 24-hour high, suggesting it might be testing this resistance level.
Traders will be watching to see if RAY can break above the $2.897 resistance. If it does, we might see further bullish movement. On the downside, the $2.605 level remains a key support to monitor.
Key points to observe:
Resistance: The 24-hour high of $2.897 is the immediate resistance to watch. Breaking this could open the way for further gains.
Support: The 24-hour low of $2.605 is the key support level.
Momentum: The current momentum appears to be bullish after the bounce from the low.
What are your thoughts on Raydium's current movement? Do you anticipate it will break the recent high, or will we see some resistance and potential pullback? Share your analysis!
