- Raydium maintained his bearish structure, but the CMF showed purchasing pressure.
- Traders must remain careful and want to make a profit if they are already in a long position.
Raydium [RAY] Almost 20% had fallen compared to the amount of January 30. The recent drop and the subsequent bounce were of considerable size and the volatility has wound up many perpetual traders and frightened investors.
The battle of the Ray Bulls with the resistance zone of $ 6.3- $ 6.5 would continue again. They had brought this level only sixteen days ago – can they do it again?
Raydium’s price promotion was about to …
Source: Ray/USDT on TradingView
Raydium acted within the range that was founded in November and lasted until mid -January. Technical indicators showed a short -term trend shift brew after recent losses.
The high at $ 7.92 and low at $ 4.15 were the swing points on the H4 graph. The prize bounced from near-the-range lows at $ 4 and the retest of the medium range level at $ 5.17, since the support in the last 24 hours was a good reaction to bad news in the wider market.
The CMF climbed by +0.05 and reflected considerable intake of capital. The progressive average of 20 periods was also about to be violated. Yet the market structure was unmistakably bearish.
The Bollinger tires were wide open and emphasized the high volatility of Ray. The upper BB should serve as a short resistance.
A step then $ 6.3 and some consolidation could offer a buying option, but the market conditions were still quite Dicey.
Source: Coinglass
The liquidation heating showed that the nearest magnetic zones were of $ 6.64 and $ 5.7. Of the two, the first was both poet and stronger.
That is why it was very likely that a move to $ 6.7- $ 6.8 would appear in the coming hours.
Read Raydium’s [RAY] Price forecast 2025-26
The psychological level of $ 7 can also be tested again. Given the Bearish structure, long traders can consider taking a profit.
Investors in the longer term can wait for a positive response from the region of $ 6.5- $ 7 in the coming days before offering.
Disclaimer: The presented information does not form financial, investments, trade or other types of advice and is only the opinion of the writer
