$RAY Up 15% in a Day, Bucking a Falling Market
What happened?
RAY trades near $2.48, up 15% in 24h and about 29% on the week, a $669M market cap.
Why does it matter?
The rally is spot-led: funding is near zero, per crypto.news, so leverage isn't driving it. Solana DEX tokens like MET and JUP are moving together, which points to a sector rotation rather than one headline.
What's next?
I'm bullish. Price sits above its 1-day ($2.38) and 3-day ($2.22) averages. Expect a push through the $2.57 high while RAY holds $2.38.
Not financial advice. DYOR.
$RAY
What happened?
RAY trades near $2.48, up 15% in 24h and about 29% on the week, a $669M market cap.
Why does it matter?
The rally is spot-led: funding is near zero, per crypto.news, so leverage isn't driving it. Solana DEX tokens like MET and JUP are moving together, which points to a sector rotation rather than one headline.
What's next?
I'm bullish. Price sits above its 1-day ($2.38) and 3-day ($2.22) averages. Expect a push through the $2.57 high while RAY holds $2.38.
Not financial advice. DYOR.
$RAY