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Raydium

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Market Analysis

RAYDIUM PRICE ANALYSIS & PREDICTION (March 20) – Ray Enters Recovery Mode After Locating Support, Increases 8% Today

Locating solid ground last week, Ray increased briefly and remained in consolidation for days before showing a little strength this week. It encountered resistance yesterday and now trades calm at the moment. After testing a six-month low last week, Ray took a break from selling and traded calmly throughout the week. The trading landscape changed a little this week following a steady price increase since Monday. Yesterday, the crypto faced a rejection and dropped to where it is priced at $1.93. Despite that, the market is still looking positive today, but the next move looks dicey as it trades indecisively over the past hours If the price continues to increase, Ray could see more recoveries, and at the same time, reclaim some lost key levels during the crash. After that, we can expect bearish actions to resume at full speed. […]

Michael Fasogbon March 20, 2025

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Market Analysis

RAYDIUM PRICE ANALYSIS & PREDICTION (February 24) – Ray Dumps to a Three-Month Low Following a 30% Daily Drop, What Happened?

Ray's bearish pattern has finally played out as expected following a colossal drop to a three-month low today. It appeared extremely bearish on the daily chart due to a double-digit loss. As recently spotted on the daily chart, Ray formed a head-and-shoulder (H&S) pattern as it slightly broke down a crucial support level of $4.15 during last week's trading. This support marked the neckline of this pattern but unfortunately failed to break down. The bulls defended it well and the price bounced back to $5. While the bounce was short-lived due to a rejection, the bears stepped back and mounted pressure, closing last week at loss. Starting the first day of the week on a sad note, Ray's supply increased and the price dumped heavily to the $3 level today. This drop has generated a lot of fear and panic […]

Michael Fasogbon February 24, 2025

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Market Analysis

RAYDIUM PRICE ANALYSIS & PREDICTION (February 18) – Ray Forms New Bearish Pattern, Sets For a Massive Crackdown

Advancing bearish this week, Ray posted a huge loss in the past hours and now poise for more drops as it forms a classical head-and-shoulder pattern. It currently approaches a key support level for a breakdown. Last week saw Ray through a recovery after dropping steadily in the preceding week. However, the momentum was short-lived due to a sharp rejection and the price fell back, closing near the opening price. That triggered a serious drop since yesterday and the price dipped below $5. It is approaching a crucial support level, which has been suppressing bearish pressure for the past three months. If this support holds well, we can anticipate a bounce back. However, things might change this time. Looking at the latest price actions, which appear more like a classical head-and-shoulder (H&S) pattern on the daily chart, Ray may collapse […]

Michael Fasogbon February 18, 2025

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