Raydium price prediction: More upside ahead? RAY gains 7.26% but trend stays bearish
Raydium (RAY) is trading at $1.108, up 7.26% on the day. The price remains well below its MA-20 at $1.2965, MA-50 at $1.6755, and MA-200 at $2.5723, indicating continued downside pressure across short-, medium-, and long-term trends.
Highlights
- RAY trades at $1.108, well below its MA-20 ($1.2965), MA-50 ($1.6755), and MA-200 ($2.5723), indicating sustained bearish momentum across all timeframes.
- Momentum indicators including MACD, ADX, and Bull/Bear Power remain negative, with RSI at 36.5 and CCI at –100.4 confirming oversold conditions despite today's 7.26% intraday rebound.
- The projected 5-day price range is $1.06–$1.15, with less than a 20% chance of an upward move and increased likelihood of further declines below $1.06 toward $1.03 or lower.
Persistent negative momentum as resistance caps rebound attempts
Looking at the technical setup, RAY’s price faces resistance at the Kijun level near $1.398, while initial support is located just above $1.08. Momentum indicators are bearish: MACD and ADX confirm persistent negative momentum, the RSI is low at 36.5 and CCI stands at –100.4, indicating oversold conditions, while the Stoch RSI reads as neutral on the daily chart but alternates between oversold and overbought on lower timeframes. The Bull/Bear Power remains negative, showing sellers in control of intraday moves, and the Awesome Oscillator also supports the ongoing downtrend. Despite a sharp upward move during the session and moderate volatility, the overall technical backdrop remains negative.Limited upside as bearish signals set a consolidation range
In the short term, RAY is expected to trade within a $1.06 to $1.15 range over the next five sessions, reflecting recent volatility. The probability of an upward move remains low, below 20%, as bearish technical signals dominate the weekly chart. The baseline scenario points to sideways consolidation; a break above $1.15 could prompt short covering toward $1.20 – $1.25, while a drop below $1.06 would likely target new cycle lows near $1.03 or lower.Latest Raydium News
- Forex
- Crypto