Crypto Express

06/20 00:57

Can RAY stay above support

Can RAY stay above support as bullish structure weakens?

RAY hovered near $2.24 after rebounding from the $1.90–$2.10 Demand Zone—a range that previously sparked bullish recoveries. But this time, the follow-through feels less certain.

Momentum indicators still leaned positive, giving buyers a technical edge. However, if bulls fail to build on the bounce, price could slide below $2.00, flipping old support into resistance.

On top of that, rising sell pressure or thinning interest could quickly erode this setup. The $2.10 mark now stands as a line in the sand.

Holding it may be the only way to keep hopes of reclaiming the $3.40 April high alive.

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