Technical Analysis: $RAY

/USDT

Current Price: $3.228

As RAY shows promising momentum, let’s dive into the technical analysis to identify potential targets for traders.

Key Levels to Watch 🎯

1. Target 1: $3.300

Resistance Level: This level has previously acted as a barrier, making it a key point for buyers to overcome. A successful breakout here could signal further bullish momentum.

2. Target 2: $3.400

Psychological Level: The $3.400 mark is a significant psychological resistance. A push beyond this level could attract more buying interest and push RAY to new highs.

3. Target 3: $3.500

Historical Resistance: This target aligns with past resistance levels observed on the charts. If the price reaches this level, traders should look for signs of consolidation or reversals, which may provide insights for future movements.

Current Market Sentiment

The recent price action indicates bullish sentiment, with a 5.35% increase in the last 24 hours. Traders should remain cautious and watch for volume spikes as they approach these target levels.

Key Support Level: Keep an eye on $3.200 as a support area. A drop below this level may indicate a potential reversal.

Stay informed and trade wisely!

Feel free to modify any part of the analysis to better fit your style or specific audience needs!