- Raydium, like a stubborn mule, held its ground amidst the price tussle.
- The short-term bullish target? A cozy little nook between $8 and $8.2, of course!
In a tale as old as time, Raydium [RAY] strutted its stuff, boasting a whopping 62% gain over the past eight days. The rise of Official Trump [TRUMP] on the Solana [SOL] chain might have given RAY a little nudge, but let’s be honest, this rally had its boots on before the TRUMP meme coin even made its grand entrance. 🎩
Since the crisp days of November, RAY had been playing a game of hopscotch, bouncing between $4.02 and $6.3. But on the 18th of January, it decided to break free from its range, retesting those highs like a kid testing the waters before diving in.
Raydium Breaks Free: Ready to Soar or Just Stretch? 🚀
The charts were singing a merry tune, reflecting the strong demand for Raydium. Over the past two months, despite its range-bound antics, the OBV was on an upward trend, like a determined tortoise in a race. Steady buying pressure? You bet your bottom dollar! 💪
And when the breakout finally happened, it was like a party with high trading volume—everyone was invited! The Fibonacci levels were drawn up like a map to buried treasure, showing that RAY bulls had their eyes set on $7.66 and $9.54. The daily RSI was above 60, flaunting its strong bullish momentum like a peacock in full display.
With all this buying pressure, it seemed RAY was gearing up for a jaunt toward $9.54 in the days to come. 🏃♂️💨
The 3-month liquidation heatmap was like a treasure map, revealing a pocket of liquidity at $8 and another at $7.12. Below that, $7 was practically waving a flag, saying, “Come on down!”
Since the recent move had already given a friendly nod to the range highs at $6.3, another dip to $7.12 seemed as likely as a cat taking a bath—unlikely, to say the least.
Instead, a jaunt toward $8 followed by a little dance around the $7-$7.1 region seemed more on the cards. 🕺
The 1-week liquidation heatmap also pointed to the $8 liquidity pocket, making it clear that the $7.93-$8.21 range was like a crowded bar on a Friday night—lots of liquidation levels ready to pull RAY prices in.
Read Raydium’s [RAY] Price Prediction 2025-26—if you dare! 📈
To the south, the $7.12 and $6.96 levels were looking a bit dim, like a forgotten corner of a dusty attic. Fewer liquidation levels meant less excitement.
A move to $8 followed by a few days of consolidation could build up long liquidation levels to the south, which Raydium prices could later sweep away like crumbs after a feast. 🍽️
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2025-01-22 00:07