Will Raydium avoid deeper losses amid sustained seller dominance?

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Raydium drops 7.21% to $1.83 today

Highlights

Raydium net revenue rose 264% to $7.99 million in Q3 2026, driven by tokenized asset trading and concentrated liquidity pools.
Cumulative RAY token buybacks reached 32% of the circulating supply, while the treasury grew 150% to $243 million and unique tokenized stock holders surpassed 300,000.
RAY/USD trades below short- and medium-term moving averages with intraday indicators bearish, and is expected to move between $1.7529 to $1.9243 over the next 2 to 3 days.

Revenue surge and token buybacks as liquidity narrows

Raydium's net revenue climbed 264% to $7.99 million in the third quarter of 2026, reflecting significant growth in tokenized asset trading and concentrated liquidity pool activity, according to Tokenpost. The protocol’s Q3 programmatic RAY token buybacks amounted to $5.23 million, lifting cumulative repurchases to around 32% of the circulating supply and narrowing liquid float. Additional financial strength was shown by a 150% quarter-over-quarter treasury increase to $243 million, while the platform also surpassed 300,000 unique holders for its tokenized stock products through LaunchLab tokens, as reported by Coinfomania. These favorable business developments have been accompanied by broader selling pressure in the current session.

Downward momentum sustained as support holds and volatility spikes

On the hourly chart, RAY is trading below the MA-20 at $1.89 and the MA-50 at $1.95, with the Ichimoku Kijun at $1.93 presenting immediate resistance. On the daily time frame, the MA-200 level at $0.95 remains intact as key long-term support. Momentum indicators are aligned to the downside: MACD and ADX both signal a sell bias, while RSI stands at 32.98 (near oversold territory) and CCI also confirms an oversold condition; Stochastic RSI is neutral. Bull/Bear Power points to seller dominance in intraday trade, and the Awesome Oscillator further supports the prevailing downward momentum. Price action includes a negative gap of $0.0143 and trading near session lows amid elevated volatility.

Sideways trading likely as rebound faces downside pressure

In the short term, RAY is expected to move within a range between $1.75 and $1.92 over the next two to three trading days. The likelihood of a significant rebound remains low, while further downside is more probable if support at the lower end of this band is breached. The baseline scenario calls for sideways trading within this corridor, but a break over $1.93 could trigger a shift to the upside, whereas a move below $1.75 would likely accelerate selling pressure.

Viktoras Karapetjanc, analyst at Traders Union, notes that Raydium’s financial and user growth has been impressive, with strong Q3 revenue, treasury expansion, and increasing adoption of tokenized products. Despite robust fundamentals, recent technical signals and price action point to continued short-term weakness and a lack of immediate buying momentum. He believes broader market sentiment is still exerting pressure, keeping the price in a corrective range. 'If RAY holds above $1.75 and the fundamental momentum persists, a recovery could follow; I see the current weakness as an opportunity to watch for signs of a rebound,' Karapetjanc says.

Earlier, analysts highlighted Raydium's bullish outlook supported by rapid trading fee growth and active token buybacks. The current article adds that, despite continued improvements in fundamentals and treasury strength, downside risk remains elevated in the near term with a break below $1.75 likely to accelerate further selling.

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.