Summary Key Takeaways
- Raydium (RAY) currently trades at $2.60, 9.52 percent lower in the course of the past 24 hours
- The market cap has decreased to $746.38M and FDV is steady at $1.43B
- The increase of trading volume by 69.34% was recorded at $83.71M
- The support and the resistance are at $2.51 and $2.65 respectively
- The TVL is quite large and amounts to $1.94B with a market cap to TVL ratio of 0.3828
- The RSI at 61.01 gives moderate bullishness; CMF at 0.18 indicates a capital inflow
Raydium Price Overview: A Drastic Fall, and Following the Stability
Raydium (RAY) has also made a significant decline of 9.52 percent to a price of 2.60 after reaching an intraday low of 2.51. Nevertheless, there are signs showing that RAY is starting to settle down and the question on the mind of traders and investors is whether the markets are about to rally out of this.
What is Behind the Volatility?
There are some market indicators:
- Market Cap: lowered 8.75 percent to 746.38 million
- FDV (Fully Diluted Valuation): it remains at the level of $1.43 billion
- Volume of Trade: increased by 69.34% to reach a sum of 83.71 million dollars
- Volume to Market-Cap: A good 11.35%
- TVL (Total Value Locked): Remaining solid at 1.94 billion dollars
- The 0.3828 market cap to TVL ratio indicates that this asset could be underpriced implying that it may appreciate in case of a positive sentiment
The Most Important Support and Resistance Zones
The short-term levels emphasised by the technical indicators are the following ones:
- Support: $2.51
- Resistance: $2.65
Should RAY breakout above $2.65, the stock may continue to move to the extent of $2.70, and a breach below the level of $2.51 may push it low to the level of $2.45.
Momentum Indicators: What the Graphs Speak
RSI (Relative Strength Index)
- The current RSI: 61.01
- Average RSI: 57.78
- Moderate bullishness is registered at this level. RSI is out of the overbought area which indicates that there is space above in case the buying momentum persists.
Chaikin Money Flow (CMF)
- CMF: 0.18
- This is green CMF reading which implies positive capital flow which is usually followed by increasing prices. An extended and increased CMF about 0 can set up bullish drive.
Will Raydium Surge Back or Sink Low?
Raydium is on the verge of recovering because the momentum indicators are pointing towards the bull territory and liquidity is not going anywhere. The short-term direction however will be determined by price action around the key levels ($2.51 and $2.65).
Provided that the purchase volume still persists and the resistance point at 2.65 is beaten, the minor rally may ensue. On the other hand, the inability to support the position may subject RAY to additional downside.
Final Thoughts
The actual fundamentals of Raydium, or rather its high TVL and trading volume, indicate that the token is not about to die out. Although 9.52 percent decline might have stirred short-term confidence, technical configuration reveals the possibility of gaining back.
Volume tendencies, breakouts of support-resistance levels, and momentum indicators must be closely monitored by investors before making the entry decisions.