The post RAY Weekly Analysis Jan 24 appeared on BitcoinEthereumNews.com.

RAY closed the week with a -2.33% decline, consolidating at $1.01, while the main downtrend maintains its dominance; holding or breaking critical supports will determine the next market phase. RAY in Weekly Market Summary RAY moved in a narrow range of $0.99 – $1.05 last week, balancing at $1.01. Weekly change closed negative at -2.33%, with trading volume remaining low at $1.35M compared to previous weeks. From a market structure perspective, the primary trend continues downward; RSI at 42.94 in the neutral-bearish zone, MACD confirming bearish momentum with a negative histogram. Price unable to hold above EMA20 ($1.07), giving short-term bearish signals. In the macro context, Bitcoin’s downtrend is creating pressure on altcoins, with structural supports ready to be tested for RAY. This week, in line with RAY Spot Analysis data, the risk/reward balance is becoming critical for position traders. Trend Structure and Market Phases Long-Term Trend Analysis On the long-term chart, RAY’s primary trend is clearly downward; it’s moving within a descending channel from high levels ($2.00+). Weekly candles maintain the lower high/lower low structure, indicating the trend’s strength. The 200-week SMA ($1.45) above is still distant, and price approaching these levels seems unlikely for now. From a market cycle perspective, distribution phase characteristics dominate: low-volume consolidation after high-volume selling could signal preparation for a new downward wave. Trend filter gives bearish signal, and indicators like Supertrend also confirm the downtrend. For long-term portfolio managers, trend breakdown requires a close above $1.0742; otherwise, slippage toward $0.96 supports is expected. Accumulation/Distribution Analysis Market phase analysis shows distribution patterns dominating in recent months: price rejected from $1.22 resistance, then declined to the $1.00 band with low volume. Volume profile at $1.35M indicates low participation, signaling post-distribution consolidation phase. Accumulation signs require volume increase at $0.9630 support; in the current structure, distribution…

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Filed under: News - @ January 24, 2026 3:25 am