The ray setting fire to the crypto-market! Forget subtle accruements; RAY went all bull, snorting a 20% uptick in the last 24 hours. Suddenly and surely, this was not a snap decision or a fleeting swell of frenzy a precipitous rally began just at the onset of April, leaving the tail-enders of the crypto valleys far below.
The altcoin has also soared to a three-month peak of $3.70! Bulls are signaling a strong green light, which can push the altcoin even higher into further bullish spike gains.
RAY Climbs 60% in 7 Days, Signals More Upside Ahead
If there is ever a ray of sunshine cast upon the RAY token, it had spectacularly occurred on April 8th. Thereafter, RAY went on a tear and continued to break ceilings while engraving glorious green on the charts. Hold on bandits; this token has already rocketed 60 percent in a week, unleashing a three-month high of $3.70. The bulls people are definitely winning, and RAY is their gleaming trophy!
RAY is flying high on a surge of investor confidence! Mercilessly flaunting its uppity nature, it has refused to dip below the 20-day Exponential Moving Average (EMA) anytime on the daily chart. Hence we could see this EMA as being RAY’s own bodyguard, a formidable elector-philosopher-whether-demanding-respect kind of line which has withstood any substantial attempts to drag the price down with its client in tow.
RAY Price Analysis. Source: TradingView
The tug-of-war activity centers on the price of an asset onto a single rope. The 20-day EMA is a fulcrum that is ever-changing, depending upon the recent 20 days of price action but still with much weight to what is happening right now. When the price breaks strongly above the point, it’s as if the bulls have grabbed the rope at their end to wrench it fiercely from the bear. Such an impetus sends a clear message: “Uptrend on the way!” and sellers will be persuaded into judgeship. And the longer the price remains above this line, the stronger this indication is for an upward thrust.
Adding fuel to the fire, the Super Trend indicator from RAY lurks just beneath the price action, this silent signal further amplifying the bullish roar. Consider it your market compass; its line is plotted by strategy against volatility to steer you toward profits.
RAY Super Trend Line. Source: TradingView
Right now, the Super Trend line is playing hide and seek or ghost or peek-a-boo. Hold on to your chair. When an asset price dips below the key indicator, the red signal starts flashing, and the bears take hold as the downward trend is set into motion. Consider this warning that the spotlight is on selling.
Price acts as a battleground. When the price dipsbelowRAY’s price, bulls take center stage-and roar with buy orders so loud that sellers cannot be heard. It is not just a momentary interest in RAY; it is a declaration of intent. If the frenzy indeed continues, expect sustained upward momentum-there goes RAY!
Will Resistance or Profit-Taking Win?
RAY going to the moon! After roaring double digits in the last 24 hours, RAY has rebuffed from the support level of $3.11. Bullish momentum is now building as the uplift to $4.18 begins to appear imminent. Hold on tight!
RAY Price Analysis. Source: TradingView
But with profit-taking coming again to the market, all bullish dreams associated with RAY will get shattered. Hence, prepare for a possible drop towards $3.11. If support fails, then $2.88-the 20-day EMA-will become another battleground.
Thanks for reading Raydium (RAY) Leads the Market With 20% Jump Eyes $4 Reclaim
