- Raydium has maintained its lower structure, but CMF showed a purchase pressure.
- Traders must remain cautious and seek to reserve profits if they are already in a long position.
Raydium (Ray) fell by almost 20% compared to the January 30 summit. The recent drop and the subsequent rebound was substantial, and volatility liquidated many perpetual traders and frightened investors.
Ray Bulls’ struggle with the resistance area from $ 6.3 to $ 6.5 was to continue. They had violated this level only sixteen days ago – can they start again?
The action of Raydium prices was about to …
Source: Ray / USDT on tradingView
Raydium was negotiated in the training of the beach established in November, lasting until mid-January. Technical indicators have shown a change in short -term trend change after recent losses.
The summit at $ 7.92 and the bottom at $ 4.15 were swing points on the H4 graphic. The price of the price of lows to nearly the range at $ 4 and the mid -range level retest at $ 5.17, because support in the last 24 hours was a good reaction to bad news on the market plus wide.
The CMF has climbed beyond +0.05, reflecting significant capital inputs. The mobile average of 20 periods was also about to be raped. However, the market structure was undoubtedly down.
The Bollinger bands were wide open, highlighting the high volatility of the department. The superior BB should serve as short -term resistance.
A step beyond $ 6.3 and a certain consolidation could offer an opportunity to purchase, but market conditions were still quite risky.
Source: Coringlass
The liquidation thermal card has shown that the nearest magnetic areas to note were $ 6.64 and $ 5.7. Of the two, the first was closer and stronger.
Therefore, it was very likely that a $ 6.7 move to $ 6.8 would appear in the coming hours.
Read the Raydium price forecast (Ray) 2025-26
The psychological level of $ 7 could also be retest. Given the lower structure, long traders can consider making profits.
Investors in the longer term can wait for a positive reaction in the region from $ 6.5 to $ 7 in the coming days before the candidacy.
Notice of non-responsibility: The information presented does not constitute financial investments, exchanges or other types of advice and is only the opinion of the writer
