RAY to $4? Oy Vey!

by

Hold the Schmaltz!

So, Raydium, this RAY thing…it broke out of a triangle. A triangle! Like my Aunt Millie’s mahjong table. And wouldn’t you know it, it went UP! 9.69% UP! Almost 10%! And suddenly, everyone’s talking about $4. Meanwhile, Open Interest? Up 12%! And the shorts? Let’s just say they’re singing the blues…and losing money. A lot of money! 💸

Raydium [RAY], if you believe these things, has escaped its little pen of sideways movement. It’s like a chicken finally deciding to cross the road! It’s now trading at $3.63, which, frankly, isn’t a bad price for a digital…thing. 📈

Breakouts? They are a good sign folks… usually. Everyone starts buying, see? Like a sale at Bloomingdale’s! And if they keep buying, it could go all the way to $4! But…and there’s *always* a but….

We gotta look at the numbers, the whatsits, the…derivatives! And the poor souls who bet against it! Gotta see what’s really going on here before we start planning our early retirement on Raydium.

Is $4 Really in the Cards? (Don’t Hold Your Breath)

The triangle busted, alright. RAY jumped! It’s got volume! It’s got RSI! It’s got…enthusiasm! But sustaining this? That’s the tricky part. There are landmines – resistance layers – all over the place! The first one is $3.80. A tough customer, I tell ya! 🧱

So, it *could* go to $4…if enough people are still foolish enough to buy. It’s a delicate balance, a tightrope walk, a…well, you get the picture.

Are People Actually Excited About This Thing?

Open Interest? It’s up 12.08%! $39.97 million! That’s a lot of shekels! People are betting! It’s a frenzy! Which means…it could go up, or it could go down. It’s the market, what do ya expect? A fortune cookie? 🤔

When Open Interest rises with a breakout like this, things get interesting. Volatile, actually. And traders are pointing and saying, “Raydium, Raydium!” It means they *think* it will go up, but don’t trust anyone in this business.

But sentiment can change faster than my mother-in-law’s mind! Keep your eye on this Open Interest thing!

Who’s Crying in Their Borscht? (The Shorts, Of Course!)

Liquidation data? Oh, it’s glorious! Shorts are getting *hammered!* $169,000 lost on those shorts vs. a measly $1,400 for the longs? A massacre! 🍷 The bears are weeping, and the bulls are…well, they’re probably still nervous.

When shorts get squeezed, prices tend to go up. It’s a basic law of the universe, right up there with gravity and my wife being always right. But, this squeeze wasn’t so big, so don’t go buying a yacht just yet.

Where’s the Action, Doc?

Bybit says there’s a lot of action around $3.60 and $3.80. Liquidity clusters! It’s like a magnet for prices! A very volatile, unpredictable magnet! 🧲

$3.6 held. Good. Now we gotta worry about $3.80. If it breaks through, $4 is almost guaranteed! *Almost*. But if it bounces off? Retracement! A little step backwards before another push! Don’t say I didn’t warn ya!

So, Will Raydium Make Me Rich?

Raydium is back in the game, and $4 is looking possible. Open Interest is up, shorts are panicking…it’s a pretty bullish picture. But the $3.80 hurdle is real! ⚠️

But, at the moment, things look good for the bulls. So, Raydium could very well reach $4 and then some! But remember, folks, never bet the farm! Especially on something called…Raydium. It’s a gamble, a lark, a…a lovely way to lose your shirt! 🤪

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2025-08-28 11:08