📊 $RAY /USDT Technical Summary

Current Price: $2.15

24h Change: -10.10% (notable bearish drop)

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📈 Price Range (24h)

High: $2.432

Low: $2.058

This is a wide range, suggesting high intraday volatility.

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📊 Volume

RAY Volume: 6.77M

USDT Volume: 14.79M

This shows strong trading interest, especially from the USDT side, likely due to sell pressure.

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📉 Moving Averages (Short-Term Volume)

MA(5) Volume: 403,180.7

MA(10) Volume: 323,539.3

Latest Volume: 264,180.5

Volume has declined below both the 5- and 10-period moving averages, indicating reduced activity after the sharp price drop — potential exhaustion in selling.

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🧠 Interpretation

Bearish Momentum is currently dominant.

Price broke below multiple key intraday levels; $2.058 is now crucial support.

A move below $2.00 could signal further downside.

If the price recovers above $2.22, it may reattempt $2.30–$2.43.

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🔍 Next Steps / Strategy Ideas

Scalping opportunity may exist between $2.06 and $2.22 for aggressive short-term traders.

Swing traders may want to wait for consolidation or a reclaim of $2.30+ to confirm a bounce.

Watch for volume spike reversals as signs of accumulation.

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