RAY rallies over 12% as technical resistance meets increased trading activity

Traders Union
All News
Crypto
Raydium surges 12.36% today

Highlights

Raydium experienced a sharp price increase on November 4 and 5, 2026, with no confirmed protocol, technical, or regulatory triggers reported.
Market action is attributed to trading activity rather than internal developments, with Raydium operations and usage levels remaining stable.
RAY/USD trades below key short- and medium-term moving averages, with expected five-day range at $1.5825 to $1.9034 and a 55% probability of upward movement.

Lack of protocol updates fuels speculation behind price surge

Raydium saw a significant price increase on November 4 and 5, 2026, with no confirmed protocol updates, technical incidents, or regulatory events reported to explain the movement. Available data does not indicate changes in on-chain activity, derivatives, or protocol usage. Raydium continues to function as a decentralized exchange protocol built on Solana, and the recent action is attributed to market trading activity rather than any confirmed internal developments.

Anton Kharitonov, expert at Traders Union, sees the recent rally in Raydium as speculative and lacking foundation. He notes the absence of substantial news or changes in protocol metrics. The price remains below key moving averages, confirming unresolved selling pressure and limited technical strength. Kharitonov highlights that overbought signals point to increased correction risk, and warns that support breaches could accelerate losses. He states, "Without fundamental drivers, I consider this move vulnerable — traders should beware of sharp retracements and not chase short-term momentum."

Viktoras Karapetjanc, expert at Traders Union, believes Raydium’s longer-term bullish structure remains intact despite recent volatility. He emphasizes that market activity alone has triggered strong interest, even as fundamentals are unchanged. Karapetjanc sees opportunity if bulls reclaim resistance levels, with buyers still controlling the longer trend. He maintains that the protocol’s positioning within Solana’s ecosystem offers further growth potential. He says, "The technical setup suggests buyers can regain momentum soon — I see multiple setups ahead for those looking to position early."

Jainam Mehta, market strategist, notes Raydium’s mixed momentum profile and volatility spike. He points out that intraday buyer strength clashes with cautionary signals from oscillators. As the price tests near-term resistance, Mehta highlights a tactical opportunity for breakout or mean-reversion trades. He says, "Divergence across indicators may offer a contrarian entry — I’d monitor $1.76 for either a quick push higher or a pullback toward $1.72."

Mixed momentum signals as major averages set resistance boundaries

RAY/USD is trading below its 20-day ($1.7676) and 50-day ($1.906) moving averages, signaling persistent short- to medium-term selling pressure. However, it holds well above the 200-day average ($1.0291), confirming a longer-term bullish structure. The pair is testing resistance at the near-term ceiling of $1.76, with immediate support at $1.7246. Major averages above price currently act as trend confirmation rather than barriers. On the daily timeframe, momentum signals are mixed: the MACD and Average Directional Index indicate selling pressure is present, while both the Commodity Channel Index and Relative Strength Index are neutral, indicating no extreme condition. Stochastic RSI signals an overbought reading, pointing to downside correction risk. Bull/Bear Power shows intraday buyer dominance, but the Awesome Oscillator does not confirm a strong trend. RAY/USD is trading near its session high, with intraday volatility at 2.05%. Despite underlying strength, diverging momentum signals caution at current levels.

Earlier, analysts noted that Raydium’s price action was characterized by ongoing short- to medium-term selling pressure, even as the longer-term bullish structure remained intact above key averages. The current article reinforces this view, highlighting that consolidation remains likely and traders should monitor the $1.7246 support and $1.76 resistance levels for potential directional cues.

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

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.