$RAY is rebounding from the support trendline of the descending channel. The 50MA is acting as a resistance barrier below the channel’s upper trendline. A decisive breakout above both the 50MA and the channel resistance could trigger a strong #bullish rally. Otherwise, price may continue to consolidate within the channel. #crypto
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#RAY/USDT ANALYSIS
$RAY is rebounding from the support trendline of the descending channel. The 50MA is acting as a resistance barrier below the channel’s upper trendline. A decisive breakout above both the 50MA and the channel resistance could trigger a strong #bullish rally. Otherwise, price may continue to consolidate within the channel. #crypto