RAY/USDT: Bullish Breakout Ahead? Potential Parabolic Move to $8

RAY/USDT is setting up for a potentially explosive move. The chart shows a breakout from a descending wedge pattern, a classic bullish reversal signal. Current price action consolidates around $5.45, hinting at further upward momentum.

Key levels to watch:

Support Zone: $4.00 - $3.80 (highlighted in green).
Resistance Zone: $8.00 (highlighted in red).
A retest of the breakout zone or a pullback into the support zone could provide an excellent entry point for buyers. Volume confirmation on the next leg up might ignite a parabolic rally toward the $8 resistance.

Is this the calm before the storm for RAY? Share your analysis and let’s discuss in the comments below!