Market Overview: RAYUSDT Faces Key Support Amid Volatility

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Wednesday, Dec 10, 2025 7:59 pm ET1min read
RAY
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USDT
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Aime RobotAime Summary

- RAYUSDT price fell below key 1.170 support, triggering oversold RSI and bearish momentum exhaustion.

- A bullish reversal candle at 1.160 and surging volume during 13:30-14:30 ET signaled potential short-term bounce.

- Widening Bollinger Bands and Fibonacci levels at 1.168/1.173 highlighted critical support/resistance during volatile consolidation.

- Failure to hold above 1.173 risks further decline to 1.155-1.150, with volume patterns crucial for confirming buyer strength.

Summary
• Price dipped below key support near 1.170 before testing a 1.160 level with mixed volume.
• Overbought RSI readings from the morning reversed into oversold territory, signaling fading bullish momentum.
• A large bullish reversal candle formed after the 1.160 test, suggesting potential short-term bounce.
• Volatility expanded midday, with Bollinger Band width increasing and volume surging during the 13:30–14:30 ET rally.
• Fibonacci levels at 1.168 and 1.173 appeared to act as temporary support/resistance during consolidation.

Raydium/Tether (RAYUSDT) opened at 1.217 on 2025-12-09 at 12:00 ET, peaked at 1.226, and closed at 1.173 at 12:00 ET on 2025-12-10. Total volume reached 2,989,794 units with a notional turnover of $362,273.

Price action saw a distinct downtrend from 1.226 to 1.173, with a bearish breakdown confirmed by a long-bodied candle forming at 1.170. Momentum shifted from strong morning bullish momentum (RSI above 70) to oversold conditions by afternoon (RSI below 30), hinting at exhausted selling pressure.

Bollinger Bands widened during the 13:30–14:30 ET rally, reflecting increased volatility as price surged from 1.166 to 1.190, though this move failed to hold.

Volume spiked during the afternoon rebound, particularly during the large 1.190 candle at 13:30 ET, indicating potential short-term accumulation. Fibonacci retracement levels at 1.168 and 1.173 aligned with recent intraday support, which may be key for near-term direction.

The formation of a bullish reversal candle at 1.160 suggests possible near-term consolidation, but buyers must confirm strength above 1.173 for a potential recovery. A breakdown below 1.160 could extend the downside to 1.155–1.150. Investors should monitor volume during the next 24 hours for signs of conviction.