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 June 18, 2024, Raydium is trading at approximately 1.4171 USDT. Let’s dive into the detailed price action for RAY-USDT:
| Metric | Value |
|---|---|
| Open (O) | 1.5689 |
| High (H) | 1.575 |
| Low (L) | 1.4 |
| Close (C) | 1.4171 |
| Volume (C) | 2,868,605.50 |
- Open (O): The opening price for today’s trading session was approximately 1.5689 USDT.
- High (H): Raydium reached a daily high of around 1.575 USDT.
- Low (L): The daily low for RAY-USDT was approximately 1.4 USDT.
- Close (C): At the time of analysis, Raydium is trading near its daily close of 1.4171 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -9.72% |
| 3D Change (%) | -18.20% |
| 7D Change (%) | -3.61% |
| 30D Change (%) | -20.81% |
| 90D Change (%) | -39.78% |
| YTD Change (%) | 12.41% |
Over the past three days, RAYUSDT has declined by approximately -18.20%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -3.61%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with RAYUSDT maintaining a downward trend of approximately -20.81%, despite intermittent fluctuations. Examining the last 90 days, RAYUSDT has witnessed substantial decrease of approximately -39.78%, reflecting strong long-term confidence. Year-to-date, RAYUSDT has steadily appreciated by around 12.41%, 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 0.89093.
- Momentum score is -0.23379.
RAY USDT Technical Analysis
Raydium Trading Volume:
The trading volume for Raydium (RAY) over the past 24 hours has been significant, with approximately 2,868,605.50 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 below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Raydium is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for RAY-USDT is currently in the low zone, around 44.1115. This suggests that Raydium is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Raydium (RAY-USDT) is currently exhibiting signs of short-term bearish 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 low RSI and significant trading volume are low signals for potential downward movement.
Assess Raydium’s (RAYUSDT) risks at 1.42 USDT with bearish technical analysis, highlighting weakened support and cautionary 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.