Raydium price jumps — what’s behind today’s move (January 1)

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Raydium Surges 11.14% Today

Highlights

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Anton Kharitonov, expert at Traders Union, notes RAY is showing weak medium- and long-term prospects, despite a short-term bounce above MA-20. He highlights that the MACD and other momentum signals suggest persistent bearishness, with sellers dominating across the daily timeframe. The lack of any supportive news further underlines weak sentiment and raises concerns about catalysts for recovery. Downside remains likely if $0.888 support fails, while resistance near $1.03 limits any immediate gains. "Traders should remain defensive and avoid aggressive entries, as the underlying technical and sentiment picture stays firmly negative for now."

Viktoras Karapetjanc, expert at Traders Union, views the recent intraday strength in RAY as an encouraging sign for bulls, even with a lack of news. He notes that the market offers setups for a potential breakout above $1.03 if the rally continues. The trading range between $0.8880 and $1.0260 presents constructive consolidation, with opportunities for positioning should sentiment improve. "Despite major resistance zones, the bullish structure remains intact as long as RAY holds above support, and further growth can quickly resume if momentum shifts."

Bearish daily momentum as intraday gains diverge from indicators

Momentum indicators on the daily chart provide a mixed outlook: the MACD signals strong bearishness, and the ADX shows solid trend strength. RSI reads 37.3 and CCI stands at –71.7, both pointing to ongoing bearish pressure but not at extreme oversold levels, while Stoch RSI remains neutral. Bull/Bear Power highlights sellers dominating intraday, despite the day's 11.1% gain, with price currently near session highs and volatility elevated. There is a clear divergence between strong intraday performance and generally negative daily momentum.

Previously it was reported that Raydium showed near-term upward momentum, trading above its MA-20 but still well below its MA-50 and MA-200 — signaling lingering bearish trends despite a daily gain. Technical indicators such as MACD, ADX, and RSI point to continued downside risk, with sellers dominating unless the price can sustain a decisive move above the nearest resistance at the Ichimoku Kijun level.

Source of Data: RAY Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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