Survive

Raydium

Million

Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>Raydium crypto slumped nearly 14.40% intraday to around $2.26 on Tuesday.</a></li>
 <li><span>2</span> <a>The bears turned aggressive after a bearish pin bar candlestick was noted on the charts on Monday.</a></li>
</ul>
<p>The Raydium crypto extended its fall on Tuesday and slumped nearly 14% at the time of writing on Tuesday. A bearish pin bar candlestick was observed on Monday after which the bears turned aggressive and the price slumped.</p>
<p>Moreover, the RAY crypto noted a steady surge in the price in the last three weeks. The bulls established their dominance near the dynamic support of 50-Day EMA over the weekly chart. The price performance shows an over 180% gain in the last three weeks.</p>
<p>However, the bears may have entered the game and are attempting to capture the top this week as the price reversed course from the very beginning of the current week. The RAY cryptocurrency has eroded nearly 28% in the last two sessions and might dig more by the end of the third week of March 2024.&nbsp;</p>
<p>Now, if the bulls make a comeback at the lower levels, the price may recover the recent losses. Also, if the bears continue to dominate and establish their dominance near the highs, it may invalidate the gaining streak of bulls and early signs of a short-term correction.</p>
<h2 class="wp-block-heading" id="strong-raydium-crypto-volume-analysis-strong"><strong>Raydium Crypto Volume Analysis</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (RAY), Volume (RAY)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=raydium&amp;pt=RAY&amp;df=2024-01-26T00%3A00%3A00.000Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2333bd5d%3B%232b44a6&amp;ws=%7B%22node%22%3A%22area%22%7D%3B" scrolling="no"></iframe>
<p>The above chart describes a correlation between the <a href="https://www.thecoinrepublic.com/2024/03/09/raydium-ray-witnessed-a-bounce-can-ray-retain-the-2-mark/" target="_blank" rel="noopener noreferrer nofollow">Raydium</a> crypto price and volume. It was observed that both the volume inflow and price was low from December 2023 to February 2024. The price seems to be correcting and displaying a sideways to bearish outlook in the period.&nbsp;</p>
<p>Moreover, a massive surge in the volume was noted in the last week of February which continued till the first two weeks in March. The average volume surged from $50 Million in February to that of nearly $450 Million in March 2024. The price jumped off nearly 100% in the period.&nbsp;</p>
<p>However, a volume drop was observed last week – the average volume has dropped near $350 Million. It has also impacted the price negatively as the crypto is down nearly 12% in the last couple of sessions. It might be due to profit booking after a short-term gain.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-raydium-crypto-social-volumes-rising-continuously-strong"><strong>Raydium Crypto: Social Volumes Rising Continuously!</strong></h2> <iframe loading="lazy" title="Santiment Chart: Social Dominance (RAY), Social Volume (RAY)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=raydium&amp;pt=RAY&amp;df=2024-01-26T00%3A00%3A00.000Z&amp;emcg=1&amp;emhwm=1&amp;wm=social_dominance_total%3Bsocial_volume_total&amp;wax=0%3B1&amp;wc=%235275FF%3B%2368DBF4&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>The Raydium cryptocurrency social dominance and social volume chart illustrates that there has been an exponential and wonderful growth in the social volume and social dominance. It suggests that the RAY crypto is grabbing the attention of the social users on various platforms like twitter, and other social media platforms.&nbsp;</p>
<p>The increasing awareness among the social media users implies a positive growth in the future and makes it more reliable as the acceptance increases.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-sentiments-have-turned-bearish-will-ray-price-fall-more-strong"><strong>Sentiments Have Turned Bearish: Will Ray Price Fall More!</strong></h2> <iframe loading="lazy" title="Santiment Chart: Negative sentiment (Total) (RAY), Positive sentiment (Total) (RAY), Weighted sentiment (Total) (RAY)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=raydium&amp;pt=RAY&amp;df=2024-01-26T00%3A00%3A00.000Z&amp;emcg=1&amp;emhwm=1&amp;wm=sentiment_negative_total%3Bsentiment_positive_total%3Bsentiment_volume_consumed_total&amp;wax=0%3B1%3B2&amp;wc=%23FF5B5B%3B%23FFCB47%3B%235275FF&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>Last week saw a shift in the weighted sentiments in the Raydium crypto. The weighted sentiment tilted towards the negative side in the last few sessions suggesting the dominance of bears in the recent sessions. The price drop last week validates a shift in the sentiment to the bearish side.</p>
<p>Moreover, the bearish sentiment of Raydium crypto is increasing indicating the increasing dominance of bears in the short term.</p>
<h2 class="wp-block-heading" id="strong-raydium-crypto-short-term-outlook-strong"><strong>Raydium Crypto Short Term Outlook.&nbsp;</strong></h2> 
<p><a href="https://in.tradingview.com/chart/RAYUSD/brnowlDT-Raydium-crypto/" rel="noopener noreferrer nofollow"> </a>&nbsp; <a href="https://in.tradingview.com/u/Ritika_TCR/" rel="noopener noreferrer nofollow"></a>&nbsp; <a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"></a></p> 
<p>The bears seem to be dominating in the last couple of sessions as the RAY cryptocurrency has loomed nearly 18% from the top in the last couple of sessions. The price trades significantly higher above the 20 and 50-Days EMAs suggesting a possible correction in the price.&nbsp;</p>
<p>If the bulls make a comeback in the later sessions of the week, the price may recover the recent losses and resume on the higher side. The short-term traders and investors may expect the price to reach higher supply levels of $3.3 by the month’s end.&nbsp;</p>
<p>On the flip side, if the bears continue to dominate and the Raydoum price continues to slide lower, then the short-term trend may shift from bullish to a corrective phase.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion.</strong></h3>
<p>The Raydium crypto extended its fall on Tuesday and slumped nearly 14% after a bearish pin bar candlestick was observed on Monday. The daily chart showcases a strong bullish trend in the last three weeks.</p>
<p>Currently, the price is significantly higher above the 20 and 50-Days EMAs, which ar key levels indicating a possible correction is imminent. Now, if the bulls accumulate the lows and recover the losses in the later sessions, the price may revert again and resume to rise further.&nbsp;</p>
<p>However, if the bulls fail to establish their presence, it may invite more selling volumes to enter the market and the crypto may continue to lose more.</p>
<h4 class="wp-block-heading"><strong>Technical levels:</strong></h4>
<ul>
 <li>Support Levels: $2.5 and $1.9</li>
 <li>Resistance Levels: $2.75 and $3.35</li>
</ul>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

Raydium Crypto Widens Losses On Tuesday: Can It Survive & Bounce?

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