{"id":135111,"date":"2024-12-09T14:46:38","date_gmt":"2024-12-09T07:46:38","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=135111"},"modified":"2024-12-09T14:46:38","modified_gmt":"2024-12-09T07:46:38","slug":"raydium-will-the-5-support-trigger-recovery-for-ray","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=135111","title":{"rendered":"Raydium: Will the $5 support trigger recovery for RAY?"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<ul>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">RAY has dropped 20% amid increased sell pressure and low demand.\u00a0<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Will the $5 support trigger a price recovery for the altcoin?\u00a0<\/span><\/em><\/li>\n<\/ul>\n<p><a href=\"https:\/\/ambcrypto.com\/category\/altcoins-news\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">Raydium [RAY]<\/span><\/a><span style=\"font-weight: 400;\">, Solana\u2019s premier memecoin trading site, has lost over 20% of its token value in the past two weeks. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">As of this writing, RAY consolidated tightly around $5 but faced increased sell-pressure from centralized exchanges. Will $5 support hold or crack?\u00a0<\/span><\/p>\n<h2>RAY on the edge<\/h2>\n<div id=\"attachment_450379\" style=\"width: 1960px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/RAYUSDT_2024-12-08_14-44-50.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-450379\" class=\"wp-image-450379 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/RAYUSDT_2024-12-08_14-44-50.png\" alt=\"Raydium RAY\" width=\"1950\" height=\"906\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/RAYUSDT_2024-12-08_14-44-50.png 1950w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/RAYUSDT_2024-12-08_14-44-50-300x139.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/RAYUSDT_2024-12-08_14-44-50-1024x476.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/RAYUSDT_2024-12-08_14-44-50-768x357.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/RAYUSDT_2024-12-08_14-44-50-1536x714.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/RAYUSDT_2024-12-08_14-44-50-1200x558.png 1200w\" sizes=\"auto, (max-width: 1950px) 100vw, 1950px\"\/><\/a><\/p>\n<p id=\"caption-attachment-450379\" class=\"wp-caption-text\">Source: RAY\/USDT, TradingView<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">RAY entered price consolidation after hitting a record high of $6.5 in mid-November. Buying pressure declined afterwards as sell pressure compounded.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In December, RAY\u2019s demand turned negative, as shown by the RSI below 50 median level on the 12-hour chart. This complicated recovery chances keep the altcoin confined to the lower range of its channel.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Will the $5 range-low and support break? Yes, if the sell pressure increases in the next few days.\u00a0<\/span><\/p>\n<div id=\"attachment_450380\" style=\"width: 1960px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/RAYUSDT_2024-12-08_14-39-50.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-450380\" class=\"wp-image-450380 size-full\" alt=\"Raydium RAY\" width=\"1950\" height=\"906\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/RAYUSDT_2024-12-08_14-39-50.png 1950w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/RAYUSDT_2024-12-08_14-39-50-300x139.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/RAYUSDT_2024-12-08_14-39-50-1024x476.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/RAYUSDT_2024-12-08_14-39-50-768x357.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/RAYUSDT_2024-12-08_14-39-50-1536x714.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/RAYUSDT_2024-12-08_14-39-50-1200x558.png 1200w\" data-lazy-sizes=\"(max-width: 1950px) 100vw, 1950px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/RAYUSDT_2024-12-08_14-39-50.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-450380\" class=\"wp-image-450380 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/RAYUSDT_2024-12-08_14-39-50.png\" alt=\"Raydium RAY\" width=\"1950\" height=\"906\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/RAYUSDT_2024-12-08_14-39-50.png 1950w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/RAYUSDT_2024-12-08_14-39-50-300x139.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/RAYUSDT_2024-12-08_14-39-50-1024x476.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/RAYUSDT_2024-12-08_14-39-50-768x357.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/RAYUSDT_2024-12-08_14-39-50-1536x714.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/RAYUSDT_2024-12-08_14-39-50-1200x558.png 1200w\" sizes=\"auto, (max-width: 1950px) 100vw, 1950px\"\/><\/a><\/p>\n<p id=\"caption-attachment-450380\" class=\"wp-caption-text\">Source: RAY\/USDT, TradingView<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">However, the $5 level was a key psychological and Fib level that could reinforce the bull\u2019s advance. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Losing the level would make a lower low and flip the market structure bearish. If so, $3.6 could be the next support level.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the flipside, $7.5 and $9.5 could be reachable if bulls defended the $5 support.\u00a0<\/span><\/p>\n<h2>RAY sell pressure<\/h2>\n<div id=\"attachment_450381\" style=\"width: 2570px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/Raydium-RAY-14.52.24-08-Dec-2024.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-450381\" class=\"size-full wp-image-450381\" alt=\"Raydium RAY\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/Raydium-RAY-14.52.24-08-Dec-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/Raydium-RAY-14.52.24-08-Dec-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/Raydium-RAY-14.52.24-08-Dec-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/Raydium-RAY-14.52.24-08-Dec-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/Raydium-RAY-14.52.24-08-Dec-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/Raydium-RAY-14.52.24-08-Dec-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/Raydium-RAY-14.52.24-08-Dec-2024-1200x406.png 1200w\" data-lazy-sizes=\"(max-width: 2560px) 100vw, 2560px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/Raydium-RAY-14.52.24-08-Dec-2024.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-450381\" class=\"size-full wp-image-450381\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/Raydium-RAY-14.52.24-08-Dec-2024.png\" alt=\"Raydium RAY\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/Raydium-RAY-14.52.24-08-Dec-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/Raydium-RAY-14.52.24-08-Dec-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/Raydium-RAY-14.52.24-08-Dec-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/Raydium-RAY-14.52.24-08-Dec-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/Raydium-RAY-14.52.24-08-Dec-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/Raydium-RAY-14.52.24-08-Dec-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/Raydium-RAY-14.52.24-08-Dec-2024-1200x406.png 1200w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\"\/><\/a><\/p>\n<p id=\"caption-attachment-450381\" class=\"wp-caption-text\">Source: Santiment<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">According to Santiment, sell pressure (supply on exchanges, red line) steadily increased in November.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Over the same period, new demand (supply outside exchanges, yellow) for the altcoin dropped. This was contrary to the strong buying trend in October, suggesting short-term holders booked profit in November and December.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The sell-off stalled RAY\u2019s rally at $6.5 and could only reverse it eased.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While the sell-off could be a great buying opportunity for investors eyeing long-term strategies, there wasn\u2019t a clear sign for RAY traders.<\/span><\/p>\n<hr\/>\n<p style=\"text-align: center;\">Read <a href=\"https:\/\/ambcrypto.com\/predictions\/raydium-price-prediction\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Raydium [RAY] Price Prediction<\/a> 2024-2025<\/p>\n<hr\/>\n<p><span style=\"font-weight: 400;\">For swing traders, a weekly candlestick close above $5 could suggest strengthening and a potential buying opportunity. Such a move would increase the odds of RAY soaring to the middle or upper channel target of $7.5.\u00a0<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer\u2019s opinion<\/span><\/i><\/p>\n<div class=\"post-nav\">\n<div class=\"next-blog\">\n\t\t\t\t\t\t\t\t\t\t\tNext: <a href=\"https:\/\/ambcrypto.com\/popcat-eyes-2-how-speculation-over-fundamentals-could-hold-it-back\/\" rel=\"prev\" data-wpel-link=\"internal\">POPCAT eyes $2: How speculation over fundamentals could hold it back<\/a>\t\t\t\t\t\t\t\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/ambcrypto.com\/raydium-will-the-5-support-trigger-recovery-for-ray\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>RAY has dropped 20% amid increased sell pressure and low demand.\u00a0 Will the $5 support trigger a price recovery for the altcoin?\u00a0 Raydium [RAY], Solana\u2019s premier memecoin trading site, has &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=135111\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-135111","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/135111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=135111"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/135111\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=135111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=135111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=135111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}