$RAY climbed to a high of $2.56 over the course of a few weeks, followed by a minor correction that has brought the price down to the $2.00 level.
In 2026, it handled billions of dollars in trading volume on the Solana network, making it the platform that generated the highest fees in the market that year.
$RAY uses its fee revenue to buy back tokens from the market daily, which is rapidly reducing the circulating supply.
As I mentioned earlier, an asset that consistently forms "higher highs" is also prone to forming "higher lows."
$RAY has experienced two significant pullbacks: the first saw a downtrend from 80 to 76, and more recently, it corrected from $2.56 to its current position in the $2.00 range.
I have explained the reasoning; the rest is up to you.
#Binance
#cryptocurrency
#Ray
#trading
In 2026, it handled billions of dollars in trading volume on the Solana network, making it the platform that generated the highest fees in the market that year.
$RAY uses its fee revenue to buy back tokens from the market daily, which is rapidly reducing the circulating supply.
As I mentioned earlier, an asset that consistently forms "higher highs" is also prone to forming "higher lows."
$RAY has experienced two significant pullbacks: the first saw a downtrend from 80 to 76, and more recently, it corrected from $2.56 to its current position in the $2.00 range.
I have explained the reasoning; the rest is up to you.
#Binance
#cryptocurrency
#Ray
#trading