RAY USDT Raydium Technical Analysis

Raydium logo In this Raydium technical analysis, we will examine the current price action, trading volume, key levels and indicators for RAY-USDT. Sure, here are three sentences about Raydium (RAY) cryptocurrency: Raydium (RAY) is a fast and secure blockchain platform that enables developers to build decentralized applications with ease. Its novel consensus algorithm, called “Proof of View” (PoV), ensures that network participants are incentivized to act honestly and maintain the integrity of the network. With Raydium, developers can focus on building innovative dApps without worrying about the underlying infrastructure.

Raydium Price Overview:

As of October 03, 2023, Raydium is trading at approximately 0.1963 USDT. Let’s dive into the detailed price action for RAY-USDT:

Metric Value
Open (O) 0.1758
High (H) 0.2264
Low (L) 0.1744
Close (C) 0.1963
Volume (C) 64,324,513.30
  • Open (O): The opening price for today’s trading session was approximately 0.1758 USDT.
  • High (H): Raydium reached a daily high of around 0.2264 USDT.
  • Low (L): The daily low for RAY-USDT was approximately 0.1744 USDT.
  • Close (C): At the time of analysis, Raydium is trading near its daily close of 0.1963 USDT.
Metric Value
1D Change (%) 11.53%
3D Change (%) 12.49%
7D Change (%) 16.43%
30D Change (%) 11.79%
90D Change (%) -1.60%
YTD Change (%) 39.42%

Over the past three days, RAYUSDT has risen by approximately 12.49%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 16.43%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with RAYUSDT maintaining an upward trend of approximately 11.79%, despite intermittent fluctuations. Examining the last 90 days, RAYUSDT has witnessed substantial decline of approximately -1.60%, reflecting strong long-term confidence. Year-to-date, RAYUSDT has steadily increased by around 39.42%, 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 0.46872.
  • Momentum score is 0.11788.

RAY USDT Technical Analysis

Raydium Trading Volume:

The trading volume for Raydium (RAY) over the past 24 hours has been significant, with approximately 64,324,513.30 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 high zone, around 55.56836. This suggests that Raydium is in bullish 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 high RSI and significant trading volume are high signals for potential upward movement.

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.