$RAY's current price is 0.588 USDT and the overall trend is bearish.
The price has shown a drop of -9.82% in Rupee terms.
MA(7) = 0.585, and the price is trading slightly above this.
MA(25) = 0.582, the price is also slightly above this.
In the short term, this indicates a minor support or consolidation signal.
MA(99) = 0.596, and the price is below this, confirming a long-term bearish trend.
As long as the price does not close above MA(99), the upside will remain weak.
Current volume is 11,041.1 which is lower than the recent average.
Low volume means buyers' interest is not strong at the moment.
Overall, the market is cautiously in the bearish zone and it would be better to wait for a clear move.
