RAY/USDT at $1.8130 After Parabolic Run – Holding Above MA60
Raydium is cooling off after a massive spike.
RAY/USDT is currently trading at $1.8130 (Rs 502.88), up +23.75% on the 24h. RAY hit a 24H High of $1.8500 from a 24H Low of $1.4179, with strong 24H volume of 6.74M RAY / $10.82M USDT.
Technical Breakdown:
1. Still Bullish Above MA60:
Price is holding well above MA60 at $1.7532. The uptrend structure is intact despite the pullback from the top. This is healthy profit-taking, not a breakdown yet.
2. Parabolic Top Formation:
RAY went vertical to $1.85 then made a lower high near $1.826. The sharp wick down shows sellers defending the top, but buyers are still absorbing near $1.81.
3. Volume – Buying Climax:
Vol(RAY): 1.27K vs MA(5): 18.3K and MA(10): 30.7K. The biggest green volume bars came right at the $1.85 peak (107K zone), which is typical of a buying climax. Now volume is fading as price consolidates.
4. Monster Higher Timeframe Trend:
Today: +23.85% | 7 Days: +37.95% | 30 Days: +194.06% | 90 Days: +206.18% | 180 Days: +194.25%
RAY is one of the strongest DeFi runners right now. 1 Year is still -43.37% down, so recovery has room.
Key Levels:
Resistance: $1.8256 → $1.8500 (24H High)
Support: $1.7975 → $1.7532 (MA60)
Bulls need to hold $1.75 to keep the momentum alive. A break below MA60 could trigger deeper correction toward $1.71.
Are you taking profit here or riding the DeFi wave?
$RAY
#RAYUSDT
Raydium is cooling off after a massive spike.
RAY/USDT is currently trading at $1.8130 (Rs 502.88), up +23.75% on the 24h. RAY hit a 24H High of $1.8500 from a 24H Low of $1.4179, with strong 24H volume of 6.74M RAY / $10.82M USDT.
Technical Breakdown:
1. Still Bullish Above MA60:
Price is holding well above MA60 at $1.7532. The uptrend structure is intact despite the pullback from the top. This is healthy profit-taking, not a breakdown yet.
2. Parabolic Top Formation:
RAY went vertical to $1.85 then made a lower high near $1.826. The sharp wick down shows sellers defending the top, but buyers are still absorbing near $1.81.
3. Volume – Buying Climax:
Vol(RAY): 1.27K vs MA(5): 18.3K and MA(10): 30.7K. The biggest green volume bars came right at the $1.85 peak (107K zone), which is typical of a buying climax. Now volume is fading as price consolidates.
4. Monster Higher Timeframe Trend:
Today: +23.85% | 7 Days: +37.95% | 30 Days: +194.06% | 90 Days: +206.18% | 180 Days: +194.25%
RAY is one of the strongest DeFi runners right now. 1 Year is still -43.37% down, so recovery has room.
Key Levels:
Resistance: $1.8256 → $1.8500 (24H High)
Support: $1.7975 → $1.7532 (MA60)
Bulls need to hold $1.75 to keep the momentum alive. A break below MA60 could trigger deeper correction toward $1.71.
Are you taking profit here or riding the DeFi wave?
$RAY
#RAYUSDT
