Raydium’s Price Is Playing Hard to Get—Can $2.2 Save the Day?

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Raydium’s Price Is Playing Hard to Get—Can $2.2 Save the Day?

  • RAY‘s market structure screams “Bear!” like a moody teenager, with sellers pushing prices down like it’s hot. 📉
  • The liquidation heatmap is flashing red, hinting at an 8% dip possibly happening any second—cue the dramatic music! 🎬

Back in Mid-May, Raydium [RAY] decided to break above the $2.85 barrier—like a gymnast doing a shiny flawless vault, promising glory! 🥇

With all that buying noise two weeks ago, it seemed RAY was destined for the $4 paradise. But then, Bitcoin [BTC] had to go and wreck the party, crashing from $111k, shattering hopes faster than a porcelain doll at a ninja convention. 💥

Now, our brave Raydium bulls are fighting tooth and nail to defend those early May lows—like gladiators donning their armor, hoping not to get squished. 🛡️

Can Raydium bulls hold onto the $2.4 support? Or is it all over? 🤔

Raydium 1-day chart showing the range

Since April, RAY’s been bouncing between $2.4 and $3.4 like a ping pong ball on a caffeinated squirrel. The middle ground? $2.9—like the awkward middle kid at a birthday party. The May breakout? Just a fakeout—like those gym memberships you never use. 🕺

Over the last two weeks, the CMF (that’s the Commodity Money Flow—no, not a new dance) dropped below -0.05—meaning sellers are causing quite the fuss, and cash is fleeing faster than grandma’s cookies. 🍪💨

And guess what? If RAY does decide to take a nosedive below that range low, a buy invasion might just give us a surprise rally—like finding a ten-dollar bill in an old pair of jeans. 💵

But alas, the A/D indicator (that’s the Accumulation/Distribution for those who love acronyms) was sadly nodding off—showing weakness, begging for a hero. Meanwhile, the RSI (that’s the Relative Strength Index, not Remember Some Ice-cream) screams bearishness after a tumble from the lofty $3 heights. 📉

Liquidation data paints a picture more dramatic than a soap opera! 📺

Liquidation heatmap showing risks

The 1-month Liquidation Heatmap from Coinglass reveals that the $2.2-$2.3 range is practically crying out “Take me!” with liquidations ready to pounce. 🐯

It’s almost like a trap—if RAY tries to go lower, say, below $2.2, we might see another 10% drop faster than you can say “To the moon!” 🚀 But don’t get too comfortable just yet.

Oh, and just to throw a wrench in the works, the 3-month heatmap shows a mountain of liquidity chilling around $2—like a giant bull waiting for the perfect moment to charge. 🐂

So, if those brave bulls can’t fend off the bears at $2.2, buckle up, because a dip of 10% or more might just be on its way. Because who doesn’t love a good rollercoaster, right? 🎢

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2025-06-05 11:51