Ray is now 1.98u. The target position I gave earlier at 1.43 already got broken. For this past half month, it kept pulling up the whole way; there were several pullbacks in the middle, but none of them ever fell below the previous steps. Today it surged again to 2.16, hitting a new intra-month high.
This buyback mechanism of theirs is really running. From the trading fees, they take 10–20% straight to the market to buy back and burn Ray. When it rises, there’s real money propping it up—not just something built purely on sentiment.
A month ago it was barely above 0.8. Now at this level it’s up more than double. Back in 2021 it peaked around 16.83. Since then it has fallen by almost 90%, so just touching a new high doesn’t mean you’re back to even.
If it drops back below 0.8, this wave is basically over. This line is stretched too far, so don’t worry too much for now. If it holds and moves upward and then hits today’s high at 2.16, we’ll see—after a jump this big, a pullback can come at any time. #ray $RAY
This buyback mechanism of theirs is really running. From the trading fees, they take 10–20% straight to the market to buy back and burn Ray. When it rises, there’s real money propping it up—not just something built purely on sentiment.
A month ago it was barely above 0.8. Now at this level it’s up more than double. Back in 2021 it peaked around 16.83. Since then it has fallen by almost 90%, so just touching a new high doesn’t mean you’re back to even.
If it drops back below 0.8, this wave is basically over. This line is stretched too far, so don’t worry too much for now. If it holds and moves upward and then hits today’s high at 2.16, we’ll see—after a jump this big, a pullback can come at any time. #ray $RAY
