#RAY – Technical Analysis
Trend: Price has broken below the rising trendline, signaling a short-term trend breakdown.
Price Action: After the breakdown, RAY bounced slightly but is failing to reclaim the trendline (~0.895–0.900), which now acts as resistance.
Momentum (RSI): RSI is around 41–43, below the midline → bearish momentum, but not oversold yet.
Support Levels:
Immediate: 0.880–0.885
Next: 0.860
Resistance Levels:
0.900–0.910 (trendline + local resistance)
Higher: 0.930
Bias: Bearish to neutral
Continued rejection below 0.90 favors a move toward 0.88 → 0.86.
A clean reclaim and close above 0.91 would weaken the bearish case and open room for a range recovery.
#CryptoMarketAnalysis $RAY