This graphic style hints to a 200 % pump for Raydium (RAY) where the price goes vertically
Raydium spends a strong day, jumping more than 10 % to $ 2.37. The trading volume also exploded, as more than 200 % rose, indicating the amount of interest that this penetration gets. Meanwhile, the price of Bitcoin (BTC) paid $ 107,000, giving the entire Alncoin market at a boost, and it appears to be the opinion of the momentum.
The Crypto Decilizer analyst shared a tweet indicating the bullish preparation that is on the Ray chart. He sees $ 1.57 as a support level that has started this gathering and believes that the price can climb to $ 4.95 if the momentum wanders. He also suggested monitoring RSI and its size to see if the price of the rays can pay up or if it works in the resistance.
The Raydium Technical Temple supports the continuous assembly
On the 4H graph, the beam price is a clear trend with the constant highest and the highest continuous. The price of the price remained above 200 EMA, which continues in the direction above. This moving average works as dynamic support during the last upward trend, confirming the bullish structure of the original.
The penetration is from $ 1.57 a major moment, as the level had been a support several times. Its re -testing and subsequent gathering is in line with the accumulation pattern followed by collapse, common in the markets. The region remains from 1.20 to $ 1.25, the next layer of protecting the negative side should be a correct price.
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Moreover, the volume activity confirmed every leg of the price increase, with the rise in nails during the collapse that enhances momentum. The last increase in size coincides with the penetration over $ 1.95, indicating a strong interest from merchants and investors.
The RSI index is approaching the 4H time frame levels of peak purchase, sitting above 70. This indicates a strong momentum, but it may also indicate a short stop or a small decline if the purchase pressure is weak. However, the persistent size can maintain the high price of the beam or to push it further.
The goals of the resistance and the goals of the price of medium -term rays
The immediate resistance area is located near $ 1.95 to $ 2.00, which was tested during the last rally. A successful closure over this area can open the path towards a region of 2.10 and 2.30 dollars, with $ 45 as the average bullish projection mentioned in the Decilizer tweet.
This goal is in line with the current trend forecast and will reflect a 200 % increase from the main support zone at $ 1.57. In order to reveal this scenario, both Ray and Bitcoin must maintain their current momentum.
The context of the Raydium Market and the main levels of monitoring
Bitcoin’s constant ascension seems to be a major external factor that affects Altcoin movements. With the BTC price fixed above 107,000 dollars, the market confidence extended to other digital assets, including Ray. As long as the BTC avoids sharp corrections, the conditions remain favorable for Raydium to try the highest price areas.
Currently, traders see a level of $ 1.57 as a major support zone, with a unit of size and RSI as confirmation tools. Any transformation in these indicators can Sign as to whether the current highlight price is still intact Or starts to lose steam.
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