Raydium advances as pullbacks continue to find support

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Raydium jumps 8.72% today to $0.64

Highlights

RAY/USD shows robust short- and medium-term bullish momentum but faces resistance on longer timeframes.
Technical indicators reflect strong buyer activity and recent price gains, though some momentum oscillators signal caution amid mixed readings.
Expected price range is $0.6242–$0.6856 for the next 2–3 days, with high probability of a continued upward move unless support fails.

Mixed momentum as RAY tests intraday support above key averages

On the technical side, RAY is trading above the MA-20 ($0.6359) and MA-50 ($0.6228) on the hourly chart, but remains below the MA-200 ($0.7462) on the daily. The Ichimoku Kijun offers immediate support at $0.6224. Momentum indicators are mixed: the Moving Average Convergence Divergence (MACD) signals a strong buy, Bull/Bear Power indicates strong buyer dominance intraday, while the Average Directional Index (ADX), Commodity Channel Index (CCI), and Awesome Oscillator are neutral. The Relative Strength Index (RSI) reads 56.65 (Buy), and Stochastic RSI is oversold, implying potential for continued volatility.

Directional bias favors bulls as consolidation risk narrows

Over the next 2–3 trading days, RAY is expected to consolidate in a range between $0.6242 and $0.6856. The intraday probability of an upward move is very high, with downside reversal risk considered very low. If price breaks above $0.6856 resistance, a bullish scenario will likely play out; conversely, a drop below $0.6242 support could trigger a retracement to lower levels.

Anton Kharitonov, expert at Traders Union, believes Raydium’s technicals show improving momentum but warns that there is no news to support this move. He sees upside risk as dominant today, but stresses that signals remain mixed on multiple indicators. Base case is a range-bound market between $0.6242 and $0.6856. "Until price breaks above $0.6856, I remain cautious and prioritize capital protection over chasing entries."

Earlier, analysts noted that Raydium maintained short-term bullish momentum within a broader bearish trend, cautioning that sustained upward movement would require overcoming key resistance. The current breakout above intermediate moving averages and shift in momentum now positions RAY for potential upside continuation, making a decisive move above resistance the primary scenario to track in the near term.

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.