RAYUSDT — Breakout or Another Drop Incoming?Raydium/USDTOKX:RAYUSDTCryptoNuclearThe chart shows a strong bearish trend in the mid to long term, indicated by consistent formation of lower highs and lower lows since the previous peak. Price is currently moving below a descending trendline, which acts as a key dynamic resistance. The small sideways movement at the bottom suggests a phase of weak accumulation / consolidation after a sharp decline. --- 📉 Pattern: Descending Triangle / Bearish Continuation The structure forms a Descending Triangle, characterized by: Lower highs (marked by the downward trendline) Horizontal support around 0.60 – 0.65 Increasing selling pressure This pattern is typically a bearish continuation, but still has reversal potential if a strong breakout occurs. --- 🔑 Key Levels Main Support: 0.60 – 0.50 Nearest Resistance: 0.685 Next Resistances: 0.885 – 1.027 – 1.240 --- 🟢 Bullish Scenario (Reversal / Breakout) – 35% 📈 Confirmation: Price successfully breaks out and closes above the trendline + 0.685 resistance 🎯 Targets: 0.885 1.027 1.240 📌 Note: This breakout would signal a shift from bearish structure to an early bullish reversal, especially if supported by strong volume. --- 🔴 Bearish Scenario (Continuation) – 65% 📉 Confirmation: Price fails to break out and gets rejected from the trendline Breakdown below 0.60 support 🎯 Targets: 0.50 (previous low) Potential new lower lows if selling pressure continues 📌 Note: As long as price remains below the trendline, the bias stays bearish dominant. --- ⚠️ Conclusion RAY is still under strong bearish pressure but is currently approaching a critical zone (trendline + resistance). The next move will largely depend on price reaction at this level. Break above → potential reversal Rejection → continuation downward #RAY #RAYUSDT #CryptoAnalysis #TechnicalAnalysis #Altcoins #CryptoTrading #Bearish #Bullish #Breakout #DescendingTriangle #SupportResistance #PriceAction