$RAY is showing a strong technical setup after pulling back into a previous high and successfully treating that area as support. That resistance-to-support flip is constructive, especially because price has held the zone rather than immediately breaking back below it.

From a market structure perspective, the trend remains favorable as long as buyers continue defending this level and maintain the sequence of higher lows. A sustained hold could open the door for another continuation leg and a retest of higher resistance levels.

Of course, broader market conditions still matter. If $BTC and the wider market remain stable and we avoid a sharp risk-off move tomorrow, RAY appears well positioned to continue outperforming.
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