RAY surged 600% in trading volume, is it really about to take off? Or is it just a false move?

TVL has reached 1.86 billion USD, with an annual income of 656 million; just these two items have already knocked out a bunch of projects. Even more impressive is its capital efficiency: income/market value 19.2%, TVL/market value ratio 2.84 times—what does this indicate? It’s not just about storytelling; it’s genuinely making money.

Whales are not to be underestimated: currently holding 67.2 million USD of RAY, accounting for 11.9%. This is not 'faith'; this is a stark bet of real money.

In terms of price, although it peaked at 2.84 and then corrected by 20%, it has now stabilized at 2.27, with a strong rebound of nearly 10% in the past 24 hours. The Bollinger Bands are starting to constrict, volatility is cooling down, and a new round of momentum may be on the way.

More crucially:

It broke through the 20-day moving average middle line of 2.15.

Trading volume surged by 609%, with a daily trading amount of 400 million USD.

RSI has not yet entered the overbought zone, and there is still room for upward movement!

Currently, it just needs one last push: if it can stabilize above 2.526, the next momentum point is aimed straight at 2.85!