Important collection restaurants
Raydium’s July, increase in volume, income and whale activity fed a price of 3 months high, but rising influx of exchange rate hints when taking profit pressure.
Since falling to $ 2.44 on 2 August, Raydium [RAY] has climbed within an increasing channel.
The rally peaked at $ 3,58 on 9 August before relieving to $ 3,477 per Per time time – the highest level in three months.
In the same week, the 24-hour trade volume rose by 424% to $ 322.66 million, which signaled increased market participation.
Raydium’s July by the figures
According to Solana SenseiA Solana Og, Raydium yielded strong July results, despite what he sees as an undervaluation.
The Protocol used $ 40.1 billion in monthly volume-one increase of 71% month-over-month and generated $ 18.33 million in income, an increase of 137% from June.
In addition, the team has purchased 3.45 million Ray with a value of around $ 9.5 million, which pushed the total return to $ 190 million so far.
Source: all on X
Likewise, analyst all noted That the income of Raydium annualized income increased by 91.6% to $ 85.35 million, while the reimbursements of annual annual annual in the past month increased 54% to $ 468.63 million, per artemis facts.
Whales remain active in spot markets
Of course, strong network statistics have merged with heavy whale activity. Cryptoquant’s spot -average order size data consistently showed large transactions in the past month.
Source: Cryptuquant
This trend was reflected in the aggregated Buy/Sell volume data from Coinalyze, with $ 5.28 million in purchases at $ 4.25 million in sales – a positive purchase/sells of 1.04 million beam.
Such imbalances often precede the valuation of the price.
Source: Coinalyze
Making a profit is reflected in local highlights
As expected, investors who had kept under water, such as Raydium broke out, were back to Cash Out.
According to Coinglass, Raydium’s Spot Netflow rose to achieve a highest high point of 7 weeks of $ 3.63 million.
Source: Coinglass
Usually a positive Netflow means more tokens that have been introduced than left, a clear sign of aggressive sale. Historically, increased exchange deposits preceded lower prices due to intense downward pressure.
Momentum -indicators still lower bullish
According to the analysis of Ambcrypto, Ray rose as buyers returned to the spot market to collect it.
For that reason, the Positive Index of Directional Movement Index (DMI) rose from the Altcoin to 39.4, while -di dropped to 22.
At the same time, the relative Vigor Index (RVGI) made a bullish crossover and hit 0.0251.
Source: TradingView
Of course, when momentum indicators are such, they signal a strong up -up momentum and its continuation potential.
That said, if buyers, especially whales, retain their positions, Ray could regain $ 3.70 and test resistance to $ 4.10. Conversely, if taking a profit accelerates, a withdrawal remains to $ 2.84 on the table.