Token

Raydium

Resistance

Daily

<ul class="list-ic vertical">
 <li><span>1</span> <a>The RAY token price reflected a pullback from the 50-day EMA mark.</a></li>
 <li><span>2</span> <a>Buyers are showing their willingness to retest the $2 mark.</a></li>
</ul>
<p>The Raydium token (RAY) price recuperated from the round mark of $1 mark and glanced a spike, directing to exit out of the range bound moves. Moreover, the token is eyeing to retest the upside of $2, and buyers are keen to make a bullish move.</p>
<p>At press time, the Raydium (RAY) token price trades at $1.40 with an intraday drop of 1.60%, indicating neutrality on the charts. It has a monthly return ratio of 27.67% and 446.52% on a yearly basis. The pair of RAY/BTC is at 0.0000202 BTC, and the market cap is $516.20 Million. Analysts are neutral and suggest that the RAY token price may reflect a bounce and will soon cross the $2 mark.</p>
<h2 class="wp-block-heading" id="strong-raydium-ray-price-rebounds-with-spike-in-trading-volume-strong"><strong>Raydium (RAY) Price Rebounds With Spike In Trading Volume</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="346" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-179-1024x346.png" alt="" class="wp-image-196159" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-179-1024x346.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-179-300x101.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-179-768x260.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-179-1536x519.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-179-750x254.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-179-1140x385.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-179.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: Santiment
  </figcaption>
 </figure>
</div>
<p>The Raydium token noticed a trendline breakout and exhibited volume buying activity in the last sessions. The token has acquired a bounce from its support zone of $1 and a sharp spike in trading volume of over 80% this week to $53.17 Million. However, the average volume was noted at $90.10 Million, revealing the demand for the token.</p>
<h2 class="wp-block-heading" id="strong-raydium-witnessed-volatile-swings-but-sentiments-look-steady-strong"><strong>Raydium Witnessed Volatile Swings, But Sentiments Look Steady</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="346" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-178-1024x346.png" alt="" class="wp-image-196158" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-178-1024x346.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-178-300x101.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-178-768x260.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-178-1536x519.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-178-750x254.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-178-1140x385.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-178.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: Santiment
  </figcaption>
 </figure>
</div>
<p>As per the data, the Raydium price volatility reflected enormous oscillations and jumped from 0.011 to 0.095; a surge of over 8% was noted. However, the intraday volatility declined by around 5% and fell to 0.020, reflecting the constant price action. Moreover, the total weighted sentiment data remains steady near 0.031, which implies a neutral outlook for the token among investors.</p>
<h2 class="wp-block-heading" id="strong-social-dominance-and-volume-outlook-of-the-ray-token-strong"><strong>Social Dominance and Volume Outlook of the RAY Token</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="346" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-177-1024x346.png" alt="" class="wp-image-196157" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-177-1024x346.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-177-300x101.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-177-768x260.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-177-1536x519.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-177-750x254.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-177-1140x385.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-177.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: Santiment
  </figcaption>
 </figure>
</div>
<p>The social dominance data increased from 0.0158% to 0.0277%, which reflects the actuality that the media and investors are showing their demand and discussing it on social platforms, which revealed a surge in the data. Additionally, the total number of holders increased by over 3% to 1183 in the last three months, which revealed the slow &amp; steady surge day by day.</p>
<h3 class="wp-block-heading" id="strong-active-addresses-and-circulation-data-overview-strong"><strong>Active Addresses and Circulation Data OverView</strong></h3>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="346" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-176-1024x346.png" alt="" class="wp-image-196156" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-176-1024x346.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-176-300x101.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-176-768x260.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-176-1536x519.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-176-750x254.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-176-1140x385.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-176.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: Santiment
  </figcaption>
 </figure>
</div>
<p>The chart displays the active addresses data, which increased by over 70% to 42&nbsp; in the last two weeks. Furthermore, the circulation data noted a surge of over 20% to 8743 last month. The overall data reflects the increase in developments and the positive sentiments for the token.</p>
<h3 class="wp-block-heading" id="strong-raydium-ray-technical-overview-on-daily-charts-strong"><strong>Raydium (RAY) Technical Overview on Daily Charts&nbsp;</strong></h3>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="474" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-175-1024x474.png" alt="" class="wp-image-196155" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-175-1024x474.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-175-300x139.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-175-768x356.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-175-1536x711.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-175-750x347.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-175-1140x528.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-175.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: RAY Price Chart By TradingView
  </figcaption>
 </figure>
</div>
<p>The daily charts of the RAY token glimpsed a range breakout, and the price bounced from the $1 mark, leading to a spike. Moreover, the technical indicators favor the bounce and suggest a bullish outlook for the following sessions.</p>
<p>The Relative Strength Index (RSI) curve sails near 65, signifying the buying momentum and bulls’ dominance. Moreover, the stochastic RSI data implies a positive buy signal and suggests that the bounce may continue in the following sessions.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>The <a href="https://www.thecoinrepublic.com/2024/01/29/raydium-crypto-can-ray-crypto-continue-to-surge-upward/" target="_blank" rel="noopener noreferrer nofollow">Raydium token</a> (RAY) price glimpsed a bounce and implied a bullish momentum on the charts. The technicals suggest a favorable upside toward the $2 mark, which may continue to rise in the upcoming sessions.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $1.20 and $1</p>
<p><strong>Resistance Levels:</strong> $1.50 and $2</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

Raydium (RAY) Witnessed a Bounce; Can RAY Retain the $2 Mark?

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