🚀 $RAY /USDT: Consolidation Before the Next Leg Up?
Raydium ($RAY) is flashing some interesting signals on the charts right now. After the recent volatility, we are seeing a battle between the bulls and the bears at key psychological levels.
📊 Technical Snapshot:
Current Trend: Short-term consolidation. While some timeframes show a bearish lean with moving averages sloping down, the MACD on several charts is hinting at a potential bullish crossover.
Key Support: Watch the $0.90 – $0.93 zone closely. Holding this level is crucial for maintaining the bullish structure.
Resistance to Beat: A clean break above $1.05 could open the doors for a rally toward $1.25+.
💡 Market Sentiment:
With the recent Coinbase spot listing earlier this month and the ongoing growth of the Solana ecosystem, liquidity for RAY is deeper than ever. However, the competition in the DEX space (like Pump.fun) remains a factor to watch.
My Take: If Solana ($SOL) continues its strength, RAY often follows as a primary liquidity barometer. I’m looking for a volume spike to confirm the next breakout.
What’s your move? Accumulating at these levels or waiting for a confirmed breakout? 👇
#RAYUSDT #SolanaEcosystem #CryptoAnalysis #BinanceSquare #Raydium $RAY
