Raydium Crypto: Will It Hit $2.8 or Is That Just a Dream?

Long-term outlook for Raydium? Well, not exactly a party. November’s rally might just be a fluke.
But hey, if you’re a Raydium bull, there’s still hope for a rally to $2.8. You’ve got this… probably.

Raydium (RAY) had a nice little 12.3% jump in the past 24 hours, which is cute, but nothing to plan your retirement around. Oh, and its daily trading volume went up almost 50%. Who’s buying? Bulls, obviously, and they’re getting a little too excited. The Open Interest (OI) skyrocketed by 62% in 24 hours. Someone’s feeling optimistic, or just really good at math. 🤷‍♀️

The increased volume and OI? Classic sign that RAY bulls are betting on an uptrend. It’s almost like they believe in miracles or something.

Technical analysis is like a friend who gives you unsolicited advice: it showed that breaking above $2 is a big deal. But will it last? We’ll see. Bitcoin (BTC) better not decide to crash the party anytime soon.

Has Raydium crypto finally decided to stop napping? Maybe.

The 3-day chart is hinting at a teeny, tiny bullish structure emerging. Raydium is finally flexing by surpassing that $2 resistance after six weeks of absolutely nothing happening. Progress, right?

But before you get too excited, let’s be real: key resistances are still in the way. Fibonacci levels are acting like that one friend who keeps saying, “I’ll be there in 10 minutes”… except it’s been months. RAY’s October 2024 rally to $6.5? A distant memory. Since mid-January, RAY’s been on a decline, erasing half of its 6-month progress. Well, that was fun.

Bulls seem ready to try again, but market sentiment? Not so much. Fear, uncertainty, doubt… you know, the usual. The 3-day indicators are making it clear: an uptrend is not happening anytime soon. Sorry.

The Awesome Oscillator is so far below the zero line, it might as well be on a different planet. Momentum is still bearish. The CMF at -0.24? Capital’s fleeing faster than a cat in a thunderstorm.

The A/D indicator is like that one guy at a party who says “I’m not really into dancing”… and then starts dancing. It’s been going up in April, but no one’s convinced this is a trend. Not yet.

So, while the 3-day chart says “don’t even think about it,” the 12-hour chart is giving us hope, like that one friend who insists you’ll have fun at the party. The bulls have the upper hand for now. But don’t get your hopes up just yet.

The breakout past $2 was a sign that things could be looking up, but we’re still waiting for the real party to start. The Awesome Oscillator is crossing over to bullish, the CMF is showing steady buying pressure, and the A/D indicator is finally acting like it has a pulse.

Putting it all together, it’s looking like RAY could push up to $2.8-$3. That $2.8 mark is the next hurdle. It’ll probably be dramatic, like a soap opera, but here’s hoping. 🥳

As for $2.4? That’s the level that threw a tantrum in February, so don’t be surprised if it throws another one soon.

2025-04-17 16:10

Has Raydium crypto finally decided to stop napping? Maybe.

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