RAYDIUM SURGES 14% — COULD SHORTS FUEL ANOTHER MOVE?
Raydium (RAY) is outperforming the broader crypto market, while negative funding suggests bearish traders may still be positioned against the rally.
Key Points
- RAY jumped around 14% in a day, according to the report.
- The token climbed from roughly $0.90 before its September breakout to a high of $2.56 on October 7.
- Open interest rose from about $13M to over $20M during the rally before easing to around $16.3M.
- Funding turned deeply negative, indicating strong short-side positioning.
- Raydium handled approximately $6.1B of Solana’s $12.4B tokenized-stock DEX volume reported for the year.
Market Insight
Negative funding can create short-squeeze potential if buying pressure continues, but it does not guarantee another rally. After such a sharp advance, traders should also watch for profit-taking and weakening momentum.
Coin to Watch: RAY
#Raydium #Ray #Solana #defi #CryptoMarket $RAYSOL
Raydium (RAY) is outperforming the broader crypto market, while negative funding suggests bearish traders may still be positioned against the rally.
Key Points
- RAY jumped around 14% in a day, according to the report.
- The token climbed from roughly $0.90 before its September breakout to a high of $2.56 on October 7.
- Open interest rose from about $13M to over $20M during the rally before easing to around $16.3M.
- Funding turned deeply negative, indicating strong short-side positioning.
- Raydium handled approximately $6.1B of Solana’s $12.4B tokenized-stock DEX volume reported for the year.
Market Insight
Negative funding can create short-squeeze potential if buying pressure continues, but it does not guarantee another rally. After such a sharp advance, traders should also watch for profit-taking and weakening momentum.
Coin to Watch: RAY
#Raydium #Ray #Solana #defi #CryptoMarket $RAYSOL