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IGNITION
NEAR Protocol
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LayerZero
Pearl
Hyperliquid
- The RAY crypto’s trading volume has jumped by 90% in the last 24 hours.
- The RAY price has increased by 500% in the past two months.
The Raydium (RAY) crypto price has been bullish since October and jumped by 500%. The RAY coin price registered a 52-week high of $1.99 on December 22, 2023, and performed negatively subsequently.
In the last few weeks, profit booking has been observed in the RAY coin price which has resulted in a fall of 35%. The Raydium crypto is trading at $1.29 with an intraday loss of 3.39% in the last 24 hours.
The market capitalization is $325.93 million and the 24-hour trading volume is $50.05 million with a rise of 90%. In terms of the trading volume, the RAY crypto ranks 99th in the cryptocurrency market.
Raydium Crypto Price Has Formed an Ascending Triangle Over 4-Hour Timeframe
In the 4-hour time frame, the Raydium coin price has formed an ascending triangle. The price has given a breakout and again fell to the 20-day EMA and took support. If the RAY price rises and starts trading over the recent swing high of $0.35, buying momentum can be observed and the $2 mark can be reached in the next few weeks.
On the other hand, if the Raydium crypto price slips below the $1.25 level and sustains, then the buyers may become anxious. Furthermore, if the RAY price fails to defend the 200-day moving average, selling pressure can be expected and the past profits can be eroded in the next few days.
Raydium Price Technical Analysis Over Daily Timeframe
The Raydium crypto price has been in a strong bullish trend but failed to surpass the $2 hurdle. The RAY price tried for four consecutive days to surpass this level but sellers were strong enough to drag down the price.
Currently, the RAY coin price is facing resistance from the $1.40 mark and near the 20-day moving average. If the Raydium price slips below the 20-day EMA, the price may easily melt to the 200-day moving average.
The buying volume has suddenly increased by 90% in the last 24 hours, which indicates a bullish trend ahead. The RSI is at 52 and it has dropped from the overbought zone and currently, it has suppressed the RSI-based moving average.
Raydium Price Prediction FAQs
What is the Raydium coin price prediction today?
The RAY price is predicted to gain 0.00% to reach $1.26 by today.
What is the Raydium crypto price prediction for tomorrow?
According to our analysis, the RAY price will fall by 8.38% to reach $1.15 by tomorrow.
What is the Raydium price prediction for this week?
The RAY price may witness profit booking which may result in a fall of approximately 20% and it may drop to the $1 mark by the end of this week.
What is the current RAY price prediction sentiment?
The current Raydium crypto price prediction sentiment is bearish according to our technical analysis.
Conclusion
The Raydium coin price has been in a strong bullish trend since November and has jumped by more than 500%. Currently, the price is falling from the supply zone. A positive spike in the trading volume has been observed which may lead to a bullish momentum.
Technical Levels
Resistance: $1.50 & $2.00
Support: $1.00 & $0.46
Disclaimer
Investing in cryptocurrencies and other Initial Coin Offerings (“ICOs”) is especially volatile and speculative, and this article does not advise investing in cryptocurrencies or other ICOs. Since everyone is unique, a certified professional should be continually consulted before making any economic decisions.
