$RAY Raydium Builds Bullish 'W' Pattern, Signaling Potential Trend Reversal
Raydium (RAY) is forming a distinct bullish 'W' pattern (double bottom) on its chart. This classic reversal formation indicates that strong support has been established at a key price level, suggesting the recent downtrend may be exhausting.
For RAY, a key Solana DEX token, this pattern could signal a major shift in momentum as buyers defend this level. The critical confirmation will be a decisive breakout above the pattern's neckline resistance—the peak of the 'W'.
A successful breakout, especially on high volume, would validate the reversal and could trigger a substantial rally. The initial price target is typically projected by measuring the height of the 'W' pattern itself.$PIPPIN $XNY
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