$RAY at pivotal support levels.. Are we waiting for a bounce? 📈
The technical data for Raydium shows the price has reached a critical zone that requires close monitoring from traders:
✅ Support test: the price is currently touching the 50-day moving average ($0.74), which is a strategic support level that has stabilized the coin previously.
✅ Sell-off saturation: the RSI hitting level 30 gives a technical signal that the selling may be nearing its end, indicating we are in a zone that could see a technical bounce soon.
✅ Monitoring opportunity: maintaining above the $0.73 levels is the essential condition for a return to test the $0.80 levels again.
📍 Pivot zone: $0.738 - $0.745.
🎯 First target: $0.801 (recovering EMA 10).
🎯 Second target: $1.060 (testing EMA 200).
⛔ Stop loss: daily close below $0.710.
The technical data for Raydium shows the price has reached a critical zone that requires close monitoring from traders:
✅ Support test: the price is currently touching the 50-day moving average ($0.74), which is a strategic support level that has stabilized the coin previously.
✅ Sell-off saturation: the RSI hitting level 30 gives a technical signal that the selling may be nearing its end, indicating we are in a zone that could see a technical bounce soon.
✅ Monitoring opportunity: maintaining above the $0.73 levels is the essential condition for a return to test the $0.80 levels again.
📍 Pivot zone: $0.738 - $0.745.
🎯 First target: $0.801 (recovering EMA 10).
🎯 Second target: $1.060 (testing EMA 200).
⛔ Stop loss: daily close below $0.710.