RAY/USDT — Bulls Are Still in Control 🚀
$RAY is showing strong momentum on the 1H chart, currently around $1.6886, up nearly 23% in 24 hours. The move is backed by rising volume and a clear bullish structure.
Price is trading comfortably above the MA(7) at $1.6115, MA(25) at $1.4237, and MA(99) at $1.2670, which keeps the short-term trend firmly bullish.
However, RSI(6) is near 69, so RAY is approaching overbought territory. After such a sharp rally, a pullback or consolidation would be completely normal.
The key resistance is around $1.79, the recent high. A clean breakout above it could open the door for another leg higher. On the downside, $1.61 is the first important support.
$RAY looks strong, but chasing the pump carries risk. Watch volume and price reaction around $1.79. 📈
#RAY #Raydium #Crypto #CPIWatch
$RAY is showing strong momentum on the 1H chart, currently around $1.6886, up nearly 23% in 24 hours. The move is backed by rising volume and a clear bullish structure.
Price is trading comfortably above the MA(7) at $1.6115, MA(25) at $1.4237, and MA(99) at $1.2670, which keeps the short-term trend firmly bullish.
However, RSI(6) is near 69, so RAY is approaching overbought territory. After such a sharp rally, a pullback or consolidation would be completely normal.
The key resistance is around $1.79, the recent high. A clean breakout above it could open the door for another leg higher. On the downside, $1.61 is the first important support.
$RAY looks strong, but chasing the pump carries risk. Watch volume and price reaction around $1.79. 📈
#RAY #Raydium #Crypto #CPIWatch
