RAY drops 11.91% to $1.88 amid broad crypto sell-off
- —RAY trades at $1.88, down 11.91% on the day
- —Price sits below SMA-7, SMA-15 and SMA-30 but above SMA-50 and SMA-200
- —RSI at 46.5 and bearish MACD signal weak momentum, not oversold conditions
- —Daily volume of $51.45 million is 37.75% below the 30-day average
Why it matters: RAY is still up 36.68% over 30 days, but the correction may extend without a volume pickup and a recovery above short-term averages.
Source: DiarioBitcoin