đš $RAY /USDT â IS THIS A HEALTHY PULLBACK OR THE START OF A BIGGER CORRECTION?
Raydium is facing serious selling pressure after its impressive rally. Price has dropped to $2.1745, down 10.68% in 24 hours, according to the latest chart snapshot.
But here's what caught my attention. đ
đ DAILY TECHNICAL BREAKDOWN
RAY is trading below its 7-day moving average ($2.3094), indicating weakening short-term momentum.
However, the 25-day MA at $2.0702 remains a critical area for buyers to defend.
đŻ KEY LEVELS TO WATCH
đą Support: $2.13 â $2.07
đŽ Resistance: $2.31 / $2.43 / $2.57
Bullish Scenario:
If buyers successfully defend $2.07 and reclaim $2.31 with convincing volume, we could see another attempt toward $2.43â$2.57.
Bearish Scenario:$RAY
A confirmed daily close below $2.07 would weaken the current bullish structure and potentially expose the $1.80 region.
đĄ MY MARKET OUTLOOK
I'm not interested in blindly catching a falling knife.
The broader rally hasn't completely lost its structure, but momentum has clearly shifted in the short term.
Let the market confirm its next direction. Protecting capital matters more than predicting every move.
Are you expecting a strong RAY recovery or another leg down?
Drop your targets below. đ
#RAY #Raydium #RAYUSDT #BinanceSquare #CryptoTrading #Solana
â B4X Trader
Raydium is facing serious selling pressure after its impressive rally. Price has dropped to $2.1745, down 10.68% in 24 hours, according to the latest chart snapshot.
But here's what caught my attention. đ
đ DAILY TECHNICAL BREAKDOWN
RAY is trading below its 7-day moving average ($2.3094), indicating weakening short-term momentum.
However, the 25-day MA at $2.0702 remains a critical area for buyers to defend.
đŻ KEY LEVELS TO WATCH
đą Support: $2.13 â $2.07
đŽ Resistance: $2.31 / $2.43 / $2.57
Bullish Scenario:
If buyers successfully defend $2.07 and reclaim $2.31 with convincing volume, we could see another attempt toward $2.43â$2.57.
Bearish Scenario:$RAY
A confirmed daily close below $2.07 would weaken the current bullish structure and potentially expose the $1.80 region.
đĄ MY MARKET OUTLOOK
I'm not interested in blindly catching a falling knife.
The broader rally hasn't completely lost its structure, but momentum has clearly shifted in the short term.
Let the market confirm its next direction. Protecting capital matters more than predicting every move.
Are you expecting a strong RAY recovery or another leg down?
Drop your targets below. đ
#RAY #Raydium #RAYUSDT #BinanceSquare #CryptoTrading #Solana
â B4X Trader