$RAY
RAY is waking up again - $1.19 to $2.21 in just 10 days
Just checked RAY/USDT on 4h timeframe and this move is crazy.
price right now is $1.9926 (-2.95% today) with 24h High $2.1992 and Low $1.9812. Volume is still strong 4.12M RAY / $8.55M USDT.
But look at the left side of the chart:
The bottom was $1.1936 on Sep 14. From there it went straight to $2.2193 on Sep 24. That's almost 86% in 10 days without any big correction. This is what healthy momentum looks like.
Market Cap $1.11B (Rank #58)
24h Volume $77.48M
Circulation / Max Supply: 555M RAY fully diluted, no more unlock pressure
Issue Price: $0.18 in 2021, ATH was $16.933*. So we are still 88% down from ATH.
Performance: +16.16% in 7 Days +164.53% in 30 Days +219.37% in 90 Days
my take This -2.95% dip today is not a reversal, it's a normal pullback after a vertical rally. As long as $1.95 holds, the structure is still bullish. If we lose 1.90, then 1.75 could be the next support.
Raydium is the core AMM on Solana and Solana DeFi is waking up again. That's why RAY is moving first.
Not financial advice. What do you think is this a dip to buy or will we see deeper correction?
#RAY #Raydium #SOL #DeFi #Binance
RAY is waking up again - $1.19 to $2.21 in just 10 days
Just checked RAY/USDT on 4h timeframe and this move is crazy.
price right now is $1.9926 (-2.95% today) with 24h High $2.1992 and Low $1.9812. Volume is still strong 4.12M RAY / $8.55M USDT.
But look at the left side of the chart:
The bottom was $1.1936 on Sep 14. From there it went straight to $2.2193 on Sep 24. That's almost 86% in 10 days without any big correction. This is what healthy momentum looks like.
Market Cap $1.11B (Rank #58)
24h Volume $77.48M
Circulation / Max Supply: 555M RAY fully diluted, no more unlock pressure
Issue Price: $0.18 in 2021, ATH was $16.933*. So we are still 88% down from ATH.
Performance: +16.16% in 7 Days +164.53% in 30 Days +219.37% in 90 Days
my take This -2.95% dip today is not a reversal, it's a normal pullback after a vertical rally. As long as $1.95 holds, the structure is still bullish. If we lose 1.90, then 1.75 could be the next support.
Raydium is the core AMM on Solana and Solana DeFi is waking up again. That's why RAY is moving first.
Not financial advice. What do you think is this a dip to buy or will we see deeper correction?
#RAY #Raydium #SOL #DeFi #Binance
