Raydium support test: Technical outlook

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Raydium drops 7.51% today to $0.643

Highlights

RAY/USD remains in a clear bearish trend, consistently trading below key short-, medium-, and long-term moving averages.
Momentum indicators confirm strong selling pressure, with persistent bearish signals and oversold readings indicating downside risk despite some oscillators showing divergence.
Price is expected to consolidate between $0.6254 and $0.6584 over the next few days, with a significant probability of further declines unless resistance at $0.6741 is reclaimed.

Bearish momentum confirmed as oscillators diverge with resistance ahead

On the technical front, RAY/USD is trading below the MA-20 ($0.6626) and MA-50 ($0.6878) on the hourly timeframe, as well as remaining well under the MA-200 ($0.7204) on the daily chart. The Ichimoku Kijun at $0.6741 serves as immediate resistance. Momentum indicators reinforce this bearish setup: MACD and ADX both show strong sell momentum, while the RSI has fallen to 26.949 (Sell). CCI reads as Oversold and Stoch RSI is Overbought, creating notable divergence among oscillators. Bull/Bear Power reflects intraday dominance by sellers, whereas the Awesome Oscillator stands neutral, not amplifying the prevailing direction.

High downside risk as volatility limits breakout odds

Over the next 2–3 trading days, price action is projected to remain volatile within the $0.6254 to $0.6584 band. The probability of an upward breakout is very low, while further downside risk is high. Base case expectations favor consolidation inside this volatility band; a sustained move above $0.6741 would be required to shift the outlook bullish, while a drop through $0.6254 would likely accelerate additional downside.

Viktoras Karapetjanc, expert at Traders Union, sees Raydium (RAY) in a phase of pronounced weakness after the recent 7.51% daily drop. He notes that the absence of positive news flows and consistently bearish technical signals keep investor sentiment subdued. Consolidation within $0.6254 to $0.6584 is expected to persist unless a decisive breakout occurs. Karapetjanc believes the current setup favors patient accumulation strategies at support, anticipating opportunities if market mood turns. "If buyers reclaim $0.6741 with conviction, sentiment could flip quickly — until then, I see more downside pressure but remain constructive on longer-term potential."

Previously it was reported that Raydium had shifted into a bullish posture, with analysts watching for signs of an upside breakout. The current technical setup marks a distinct transition to short-term bearish momentum, suggesting traders should closely monitor for any violation of the $0.6254 support as an early warning of further downside risk.

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.