RAY slides over 10% as bearish signals persist and volume lags

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Raydium drops 10.07% today

Highlights

Raydium trading volumes in late October 2026 dropped to about half of their 30-day average, with no reported incidents or news affecting operations.
No liquidity events, regulatory changes, or internal developments were identified in connection with the volume decline during the observed period.
RAY/USD trades below key short- and medium-term moving averages amid persistent selling pressure, with a five-day expected range of $1.5283 to $1.761 and a 59% probability of further downside.

Muted trading and lack of catalysts sustain short-term downside bias

Raydium, the decentralized exchange protocol on Solana, recorded trading volumes at about half its 30-day average in late October 2026. Technical signals indicated short-term weakness during this period, with no confirmed protocol incidents, liquidity events, regulatory actions, or internal company news directly linked to the decline.

Anton Kharitonov, expert at Traders Union, highlights severe selling pressure in Raydium as technical weakness dominates short and medium timeframes. He notes the drop below both 20-day and 50-day moving averages, combined with persistently negative momentum signals and the absence of positive news, as causes for concern. Weak trading volumes reflect eroding investor confidence. Kharitonov is particularly critical that, despite no visible external shocks, Raydium's structure remains vulnerable, with most oscillators and momentum indicators warning of further losses. "My view is defensive here — the current oversold readings may persist and downside cannot be ruled out until buyer conviction returns."

Viktoras Karapetjanc, expert at Traders Union, sees opportunity in Raydium's resilient long-term structure, emphasized by its strong standing above the 200-day moving average. He notes that, despite recent weakness and a temporary fall in volumes, no fundamental trigger or regulatory headwind has emerged. For Karapetjanc, the underlying bullish trend remains, and oversold conditions could attract renewed buying interest. He states, "With the larger bullish structure intact and no sign of foundational damage, the market offers patient traders several positive setups from these levels."

Sholanke Dele, market strategist, points out that negative sentiment is clouding Raydium as dwindling volumes amplify the 10.07% selloff. He considers the lack of any reassuring news or internal developments a risk factor given sustained downside signals. Dele remains wary of further weakness ahead. "With sentiment deteriorating and no recovery catalyst in sight, I would remain cautious before expecting any reversal."

Short- and mid-term bearish signals as momentum remains negative

RAY/USD is now trading below its 20-day and 50-day moving averages at $1.9487 and $1.8776, respectively, while staying well above the 200-day at $0.9956. This structure highlights short- and medium-term seller pressure, while the longer-term outlook remains bullish. The nearest support is at $1.6362, with a resistance ceiling at $1.7059. Momentum signals remain broadly negative: MACD and ADX point to a "Sell" bias, while the RSI, CCI, and Stochastic RSI all signal oversold conditions or continued downside momentum. Bull/Bear Power is below zero, and the Awesome Oscillator remains negative, reflecting dominant selling pressure within the current trading session. RAY/USD stands near today's low after slipping 10.07% following a downside gap of nearly 2%, with intraday volatility at 11.11%.

Earlier, analysts noted that Raydium was facing sustained selling pressure and heightened volatility risks due to declining trading volumes and weak technical signals. The current analysis reaffirms this bearish outlook by identifying persistent negative momentum and thin liquidity, with the key support at $1.6362 now serving as the critical level to watch for further downside 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

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