RAY slides over 10% as technical momentum turns negative with oversold signals

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Raydium slides 10.33% today

Highlights

Raydium token trading volume fell sharply on October 14, 2026 compared to its monthly average, with no reported regulatory or protocol events.
Ongoing broad-based selling pressure has persisted in Raydium, suggesting sector rotation or asset-specific sales may be influencing flows.
RAY/USD is experiencing short-term downside momentum within a bullish medium-term setup, with a five-day range of $1.4551 to $2.1527 and technical indicators showing oversold conditions.

Low trading volume underscores sector rotation as selling persists

On October 14, 2026, the Raydium token experienced a sharp decline in trading volume compared to the monthly average. No specific regulatory actions or protocol incidents were reported in connection with Raydium. The movement may be related to sector rotation or asset-specific sales, though price action has remained under broader selling pressure.

Anton Kharitonov, expert at Traders Union, notes the sharp 10.33% drop in Raydium amid ongoing selling pressure and lack of meaningful news support. He observes the price is stuck below its 20-day moving average, showing immediate technical weakness, yet still above the 50-day and 200-day lines, which limits downside but warns of risk. Kharitonov highlights that sentiment remains fragile as trading volumes are down and the RSI points towards oversold conditions, yet support levels are vulnerable. He sees potential for further decline if $1.7424 does not hold, especially since sector rotations and asset-specific sales are likely causes behind the slump. "With mixed momentum and no clear catalyst to reverse the trend, I see downside risks dominating near term until stronger buying support materializes," Kharitonov says.

Viktoras Karapetjanc, expert at Traders Union, sees structural resilience in Raydium’s overall trend despite the recent selloff and muted sector news. He emphasizes that institutional sentiment is largely undisturbed as no regulatory or protocol shocks have been reported, leaving bullish momentum in place over the medium and long term. Karapetjanc regards current price weakness as a shakeout, especially since Raydium holds above its 50- and 200-day averages, and expects renewed accumulation if resistance at $1.8313 breaks. "I believe the bullish structure remains intact — the market offers multiple setups for further growth in the coming days," he says.

Sholanke Dele, market strategist, points out that Raydium’s slide aligns with broader risk-off sentiment and retreating volumes. He cautions that persistent selling has overwhelmed demand, as underscored by oversold indicators and lack of fresh positive news. Dele warns that if $1.7424 support breaks, the path lower could accelerate. "There’s little conviction in the buying side right now — traders should remain defensive as volatility persists," Dele states.

Mixed momentum signals as RAY holds long-term support

RAY/USD is currently positioned below the 20-day moving average at $2.1173, but remains above the 50-day ($1.6132) and 200-day ($0.91) averages. This setup signals near-term weakness in price action, balanced against a medium- and long-term bullish trend. The immediate resistance sits at $1.8313, while near-term support is established at $1.7424. Momentum readings are mixed: MACD issues a strong buy signal and ADX confirms trend strength, but RSI sits in sell territory at 45.407. Oscillators underline the oversold condition, with Stochastic RSI fully depleted at 0, CCI at -93.90, and BBP mildly negative at -0.0374, matching the persistent selling pressure observed intraday.

Previously it was reported that Raydium was experiencing short-term selling pressure while maintaining an overall bullish medium- and long-term structure. Latest trading data reinforce this view, highlighting that price action remains volatile within a consolidating range and making the $1.7424 support level a key threshold to monitor in the days ahead.

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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