Raydium drops as price struggles to push past immediate resistance

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Raydium drops 9.98% to $0.568 today

Highlights

RAY/USD remains under sustained selling pressure, trading below key short- and long-term moving averages amid a roughly 10% intraday decline.
Momentum indicators overwhelmingly signal bearish trend continuation, though oversold conditions raise odds of a brief technical rebound.
Expected price range for the next 1–2 days is $0.5387 to $0.5973, with a 79% probability of further downside unless resistance at $0.5985 is reclaimed.

Bearish signals persist as oscillators diverge in volatile trade

On the hourly chart, RAY/USD is trading below the MA-20 ($0.5994), MA-50 ($0.6225), and the long-term MA-200 ($0.8160), with the Ichimoku Kijun at $0.5985 now serving as the immediate resistance. Momentum signals remain negative: MACD and ADX both issue sell signals, RSI reads 36.562 (Sell), and CCI sits in oversold territory. While Bull/Bear Power (BBP) confirms seller dominance and the Awesome Oscillator aligns with widespread bearish momentum, Stoch RSI stands out with a strong buy signal, pointing to a divergence among oscillators. Price action reveals a small negative gap of $0.013, sustained near the daily low, and volatile trading conditions.

Sideways bias holds as downside remains probable amid volatility

Over the next one to two trading days, RAY is likely to oscillate within a volatility band of $0.5387 to $0.5973. There is a 79% probability of further downside, with a 21% chance for a rebound. The baseline scenario calls for sideways consolidation. A move above $0.5985 would open a bullish scenario, while a drop below $0.5387 would signal renewed downside risk.

Anton Kharitonov, expert at Traders Union, sees sustained bearish momentum in Raydium as technical signals remain negative and no supportive news is present. He notes that RAY is firmly below key moving averages, with resistance at $0.5985 and a lower boundary at $0.5387. Base case remains sideways-to-down unless the upper range is reclaimed. "Until Raydium clears $0.5985, I remain cautious and see more risk than opportunity."

Earlier, analysts noted that Raydium was experiencing sustained bearish momentum and limited breakout potential as sellers retained control. The latest analysis reinforces this view by highlighting ongoing negative signals, suggesting traders should closely monitor volatility and prepare for potential downside moves in the coming sessions.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.