The price of the beam began to recover after reaching an important support level. The symbol gained approximately 8 % today and is now trading near $ 2.23. The trading volume increased by more than 130 % last day, Ray has restored the focus as one of the most active Alecins at the present time.
The main question now is whether this represents the beginning of a greater upward movement or if it is just a temporary bounce before the prices decrease again. Traders closely monitor the following moves.
What the graph and indicators say
The price of Raydium in a correction since its peak was about $ 3.50, which is its highest level and low level. The price recently wore $ 2.09, slightly higher than the established demand area between $ 1.80 and $ 2.00. This region has worked as a base for previous gatherings in March and April.
Now, Ray is trying to settle with continued trading without a simple moving average for 50 days, which is currently near $ 2.76. This moving average rejected the price twice this month. The bulls need a clean outbreak over $ 2.75 to turn the structure again towards the upward lands. Until then, the price remains vulnerable to negative pressure.
Where the indicators of momentum stand
Most daily momentum indicators still tend to drop. RSI in 41.56, which means the momentum is weak – but not in the excessive sale area yet. MACD also in red at -0.166, indicating that the declining pressure is still under toys. As for Ultimate oscillator, it sits at 47.43, less than a neutral, which tells us that buyers have not really interfered with any power yet.
The change rate (ROC) -7.357, confirming the last losses, while the strength of the bull/bear at -0.262, indicates that the bears still have the upper hand. Only a neutral CCI at -36.40, indicating a short -term frequency rather than a directional shift.
| index | value | explanation |
| MACD (12,26) | -166 | Continuous declining momentum |
| RSI (14) | 41.56 | Weak momentum, not overlooked yet |
| CCI (14) | -36.40 | Light, slight, slight bias |
| The final oscillator | 47.43 | Light downward pressure |
| ROC | 7.357 | A strong price movement recently |
| Taurus power/bear (13) | -262 | Currently dominant bears |
Raydium Price Expectations (RAY)
To restore the upward foot, Ray should keep more than $ 2.00 and penetrate the resistance level of $ 2.75 with size. The penetration can open the path about $ 3.00 and above. On the other hand, failure to preserve This reversal may lead to the price of Raydium to a test $ 1.80 region or less.
So, is it too late to buy a ray?
Not necessarily. But traders may want to wait for confirmation, either a strong interruption above $ 2.75 or a 2.00 -dollar solid test, before moving. As of now, the preparation is preferred to be optimistic, but not complete recovery.
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