RAY appears primed for a potential rocket launch, having broken above a major descending trendline that has been suppressing price action since early 2025. The breakout is accompanied by strong bullish momentum and the RSI showing renewed strength after months of consolidation.
Key Technical Signals:
• Clean break above long-term resistance trendline
• Price trading above current support zone around $3.14
• RSI indicating bullish momentum building
• Volume profile suggests accumulation phase complete
Potential Targets:
• First resistance zone: $5.50-$6.00 (marked red box)
• Extended target: $10.00+ following the projected path
Risk Considerations:
A failure to hold above the broken trendline (around $2.80-$3.00) would invalidate this bullish setup.
Key Technical Signals:
• Clean break above long-term resistance trendline
• Price trading above current support zone around $3.14
• RSI indicating bullish momentum building
• Volume profile suggests accumulation phase complete
Potential Targets:
• First resistance zone: $5.50-$6.00 (marked red box)
• Extended target: $10.00+ following the projected path
Risk Considerations:
A failure to hold above the broken trendline (around $2.80-$3.00) would invalidate this bullish setup.
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Find top crypto tokens with sector indices, AI-powered sentiment analysis & news summaries.
tokenradar.ai/tv
tokenradar.ai/tv
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.