Is RAYUSDT Heading for a Major Downturn? Key Levels to Watch!

Yello, Paradisers! Are we about to witness a significant downturn for #RAYUSDT? Let's break down the current situation.

💎#RAY has broken through the ascending channel support, signaling a potential shift towards bearish momentum. The price has recently dipped below key levels, hinting at a possible upward retest to the supply zone between $1.57 and $1.70 before continuing its downward trajectory.

💎The first target to watch is the strong support area. This zone is crucial for RAY; if the price breaks down below this level, we could see a significant downturn with the highest probability of reaching our final target in the demand area around $0.94.

💎However, If RAY manages to reclaim the price above the ascending channel support and breaks the resistance at $1.96, this would invalidate the bearish momentum. In that case, the price could potentially continue its upward movement.

Stay sharp, traders, and keep these critical levels in mind as you navigate the market.

MyCryptoParadise
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