RAY drops 11.12% to $1.81, tests $1.74 support
- —RAY trades at $1.81 after an 11.12% daily decline
- —Price is below SMA-7, SMA-15 and SMA-30 but above SMA-50 and SMA-200
- —Daily volume of $79.04 million is 5.08% below the 30-day average
- —RSI at 44.4 signals weakness without extreme oversold conditions
Why it matters: Holding the $1.74 support will determine whether RAY extends its pullback or stages a technical rebound toward $1.86 and the $1.97 SMA-30.
Source: DiarioBitcoin