Raydium's Wild Ride: Will RAY Hit $8 or Just Take a Nap? 🤔💰

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.

2025-01-22 00:07

Raydium’s Wild Ride: Will RAY Hit $8 or Just Take a Nap?

Raydium Breaks Free: Ready to Soar or Just Stretch?

Read More