$RAY Raydium (RAY) Market Update: Buy Signal Flashes, But $1.90 Is the Wall
RAY is trading near $1.55–$1.65, down roughly 5% in 24 hours, after a sharp rejection from the $1.80 demand zone that bulls have defended all week. The pullback comes despite a fresh daily buy signal from TD Sequential — the same setup that preceded a 16% rebound on October 18.
The Real Story: Raydium's Q3 was explosive. Swap fees tripled to $57.1M**, protocol revenue hit **$9.39M, and RAY surged 204% in the quarter — beating SOL's 59% gain. The DEX now commands 7.9% of Solana's DEX volume, peaking at 12.2% in September. But Q4 growth sustainability is in question as activity normalizes.
Key Levels: $1.90** is the resistance trendline to watch. A confirmed break opens **$2.20 → $2.57**. Support sits at **$1.68–$1.80**; a daily close below **$1.68 invalidates the setup, opening $1.45.
Binance Trade Setup: Long entry $1.58–$1.65, TP1 $1.80**, **TP2 $1.90, **stop below $1.55**. If $1.90 breaks with volume, add toward $2.20. DYOR — the buy signal is live, but the trendline must confirm.
RAY is trading near $1.55–$1.65, down roughly 5% in 24 hours, after a sharp rejection from the $1.80 demand zone that bulls have defended all week. The pullback comes despite a fresh daily buy signal from TD Sequential — the same setup that preceded a 16% rebound on October 18.
The Real Story: Raydium's Q3 was explosive. Swap fees tripled to $57.1M**, protocol revenue hit **$9.39M, and RAY surged 204% in the quarter — beating SOL's 59% gain. The DEX now commands 7.9% of Solana's DEX volume, peaking at 12.2% in September. But Q4 growth sustainability is in question as activity normalizes.
Key Levels: $1.90** is the resistance trendline to watch. A confirmed break opens **$2.20 → $2.57**. Support sits at **$1.68–$1.80**; a daily close below **$1.68 invalidates the setup, opening $1.45.
Binance Trade Setup: Long entry $1.58–$1.65, TP1 $1.80**, **TP2 $1.90, **stop below $1.55**. If $1.90 breaks with volume, add toward $2.20. DYOR — the buy signal is live, but the trendline must confirm.