RAY has increased more than 60% since March and is currently testing resistance at 2.30 USD. A TD Sequential sell signal indicates potential trend exhaustion.
The funding rate is at 0.0054%, reflecting a cautiously bullish sentiment among traders, who are exercising disciplined risk-taking.
To maintain bullish momentum, RAY needs to stay above 2.16 USD and ideally break the 2.51 USD resistance. A drop below this support could lead to significant corrections.
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