Raydium is falling today: what traders are watching

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Raydium Slides 10.41% Today

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Anton Kharitonov, expert at Traders Union, notes that Raydium shows pronounced technical weakness. He emphasizes that the asset trades below all major moving averages, which reflects persistent bearish sentiment. Kharitonov highlights the absence of positive news as a further sign of diminished market confidence. He is skeptical about any imminent recovery, citing the lack of solid support and consistently negative momentum signals. "Given the prevailing data, I see limited upside and believe the downside scenario remains firmly in play until clear reversal evidence emerges."

Viktoras Karapetjanc, expert at Traders Union, sees the current consolidation phase in Raydium as a constructive opportunity for patient investors. He acknowledges the ongoing weakness in price but points out that market structure allows for a potential rebound if key resistance levels are reclaimed. Karapetjanc remains confident that forward-looking participants can capitalize on volatility. "I expect the market to offer interesting setups soon, and a break above $1.15 could quickly restore bullish momentum."

Parshwa Turakhiya, analyst, observes that bearish momentum dominates Raydium’s short-term charts. He stresses that oversold readings may trigger brief relief rallies, especially if volatility persists. The analyst believes traders should watch for rapid sentiment shifts in this tight range. "Stay alert for intraday opportunities — sudden spikes toward $1.03 could catch both bears and bulls off guard."

Bearish dominance as technical signals reinforce downside momentum

From a technical perspective, RAY remains in a clear bearish setup. The Ichimoku Kijun line at $1.5340 marks the nearest dynamic resistance, while there are no substantial support signals in close range. Momentum indicators, including both MACD and ADX on the daily chart, reinforce the strong sell trend. Oversold signals are noted on the RSI (33.6), Stoch RSI (3.6), and CCI (-120.3), and BBP remains in negative territory, indicating sellers continue to dominate. The Awesome Oscillator further affirms the prevailing bearish sentiment, and price action remains anchored near the session’s intraday low amid high volatility. Overall, all major momentum and oscillator signals align to highlight persistent downside strength.

Previously, it was noted that Raydium has expanded its supported wallet options, enabling broader compatibility for users who prefer different access points and security models. The platform aims to lower technical barriers and streamline user interaction across decentralized networks, introducing features such as support for several additional wallets and enhanced interoperability.

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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