🌊 $RAY /USDT – Deep Dive or Shallow Dip? Price Slides -6.92% 📉🔎
$RAY is dropping hard as it scrapes near key support. Can DeFi bulls defend this level, or is more downside ahead? Let's break it down:
📊 Market Overview
📍 Current Price: $3.06
📈 24h High: $3.312
❄️ 24h Low: $3.012
📉 Moving Averages:
MA(7): $3.095
MA(25): $3.177
MA(99): $3.184
📈 RSI(6): 33.63 – nearing oversold
📊 24h Volume:
RAY: 2.87M
USDT: $9.05M
📈 ARY Trade Setup – Levels to Watch
🔹 Bullish Scenario (Relief bounce):
Entry: Hold above $3.04
Targets: $3.18, $3.32, $3.48
Stop-Loss: $2.99
🔹 Bearish Scenario (Breakdown continues):
Entry: Below $2.99
Targets: $2.88, $2.76
Stop-Loss: $3.12
🔍 Key Analysis
⚠️ Price trading below all major MAs – strong bearish pressure
📉 RSI close to oversold – potential for technical bounce
📉 Volume tapering slightly – momentum fading
📌 Watch for support reaction at $3.00 zone
💡 Pro Tip:
Avoid early entries. Let price confirm reversal with volume support before going long. This could still slide.
📢 Is ARY prepping for a rebound or breaking down to new lows?
💬 Your take? Bottom fish or wait it out?
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