RAY USDT Raydium Technical Analysis

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By Frans van Elst

Raydium logo In this Raydium technical analysis, we will examine the current price action, trading volume, key levels and indicators for RAY-USDT. Raydium (RAY) is a fast and secure blockchain network that enables developers to build decentralized applications with ease. Its unique consensus algorithm ensures high throughput and low latency, making it an ideal platform for real-world use cases. With its focus on interoperability and scalability, Raydium (RAY) is poised to revolutionize the blockchain landscape.

Raydium Price Overview:

As of May 22, 2024, Raydium is trading at approximately 1.8888 USDT. Let’s dive into the detailed price action for RAY-USDT:

Unlock potential gains in Raydium (RAYUSDT) at 1.89 USDT with bullish technical analysis, showcasing robust support and encouraging indicators.

Metric Value
Open (O) 1.9187
High (H) 1.98
Low (L) 1.8505
Close (C) 1.8888
Volume (C) 2,688,148.80
  • Open (O): The opening price for today’s trading session was approximately 1.9187 USDT.
  • High (H): Raydium reached a daily high of around 1.98 USDT.
  • Low (L): The daily low for RAY-USDT was approximately 1.8505 USDT.
  • Close (C): At the time of analysis, Raydium is trading near its daily close of 1.8888 USDT.
Metric Value
1D Change (%) -1.56%
3D Change (%) 5.55%
7D Change (%) 12.17%
30D Change (%) 4.45%
90D Change (%) 106.67%
YTD Change (%) 49.83%

Over the past three days, RAYUSDT has increased by approximately 5.55%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 12.17%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with RAYUSDT maintaining an upward trend of approximately 4.45%, despite intermittent fluctuations. Examining the last 90 days, RAYUSDT has witnessed substantial increase of approximately 106.67%, reflecting strong long-term confidence. Year-to-date, RAYUSDT has steadily appreciated by around 49.83%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Raydium Live Chart:

You can access a live price chart for RAY-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.87958.
  • Momentum score is 0.25912.

RAY USDT Technical Analysis

Raydium Trading Volume:

The trading volume for Raydium (RAY) over the past 24 hours has been insignificant, with approximately 2,688,148.80 USDT traded against RAY. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): RAY is currently trading above the 50-day SMA, indicating short-term bullish momentum.
  • 200-day Simple Moving Average (SMA): Raydium is also trading above the 200-day SMA, indicating a positive long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for RAY-USDT is currently in the neutral zone, around 54.05892. This suggests that Raydium is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

Raydium (RAY-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

Unlock potential gains in Raydium (RAYUSDT) at 1.89 USDT with bullish technical analysis, showcasing robust support and encouraging indicators.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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