TradeCityPro | RAY: Key Levels and Market Scenarios Unfolding👋 Welcome to TradeCity Pro!
In this analysis, I’ll be reviewing the RAY coin, which belongs to the Raydium project—one of the leading DEXs on the Solana network, processing a significant volume of transactions on the chain.
📅 Weekly Timeframe
On the weekly chart, we observe a strong uptrend that began at 0.162. The first leg of this rally pushed the price to 2.724, followed by a correction, and then another leg extending to 7.215. Currently, the price is consolidating near this resistance level.
🔍 The 7.215 level coincides with the 0.618 Fibonacci Extension, making this a crucial Potential Reversal Zone (PRZ). If this level is broken, the next bullish leg could begin, with a minimum target of 15.803. The next major resistance aligns with the 1.0 Fibonacci level at 21.995. If the uptrend continues beyond this point, further targets will be identified in future analyses.
🕯 On the downside, considering the declining volume and shrinking candlestick size, the probability of a correction is notable. The first support level to watch is 2.724. Additionally, the RSI is hovering near a critical support at 58.34—if this level breaks, the likelihood of a correction increases.
🔽 The next and most significant support level is 0.94. If the price falls below this point, it could signal a shift in the high-wave cycle, leading to a significant downtrend.
📅 Daily Timeframe
On the daily chart, the latest bullish leg started at 1.399 and extended to 6.363. The price is currently ranging between this resistance and the 4.352 support level, which also aligns with the 0.236 Fibonacci retracement, making it a key PRZ in this timeframe.
✨ Yesterday’s candlestick showed a sharp downward move accompanied by panic selling, followed by a recovery back toward the 6.363 resistance.
🔼 For a long position, the first breakout trigger would be 6.363, which I consider the primary trigger. The next breakout level is 8.090, but this was formed due to a fake move. If you miss the breakout above 6.363, you could consider entering upon the breakout of 8.090.
📉 However, yesterday’s volatility liquidated many long positions, causing significant fear among buyers. As a result, there are currently fewer buy orders in the support zones, which could allow the price to continue its downward move.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
If the RSI breaks below 38.94, the probability of a corrective move increases. In such a scenario, the price could retrace to key Fibonacci levels such as 0.382, 0.5, and 0.618. A deeper correction could lead to the 2.724 support level, and if this level breaks, the market trend could turn bearish for an extended period.
Raydium
Raydium (RAY) Defies Market Trends, Hits 4-Year HighRaydium’s native token, RAY, is stealing the spotlight as it climbs to its highest price since 2021, bucking the broader market downturn. Over the past 24 hours, RAY has emerged as the top gainer, fueled by increased trading activity and strong demand.
A closer look at the RAY/USD one-day chart highlights bullish momentum. The Chaikin Money Flow (CMF) indicator, sitting comfortably above the zero line at 0.23, signals robust buying pressure. If this trend continues, RAY could challenge resistance at $8.96. Breaking past this level might push the token to $11.05, setting its sights on the all-time high of $17.80.
However, the bullish outlook comes with caution. A surge in sell-offs could derail RAY’s ascent, causing it to dip below the support zones of its Ichimoku Cloud. In this bearish scenario, the token might slide back to $4.30.
As the native token of the Solana-based automated market maker (AMM) Raydium, RAY is leveraging its role in the DeFi ecosystem to fuel its rally. Will this momentum hold, or will the market pullback catch up? For now, RAY is a standout performer in an otherwise bearish market.
LORD RAYDIUM - all bow to the god of lightning - BULL UPDATELORD RAYDIUM - all bow to the god of lightning - BULL UPDATE
well nailed this one. *takes a bow
anyone that listened got almost perfect entry instead of waiting on the sidelines each day for a pull back.
interestingly i reckon now is the last pull back before a short/medium term top.
not telling you where i got that fractal from either. what i can say is;
typical pumpinomics
lfg
the key guys is not the gains, but being able to sell. we gonna get that right together this round.
Timing the Second Best Entry on $RAY - RAYDIUMNASDAQ:RAY has hit a nice level of resistance, so now I'm looking to anticipate a small retrace into the low EUROTLX:4S for a potential add/entry.
I still see NASDAQ:RAY moving much higher as $SOLANA isn’t done yet. The MEME frenzy will keep going, and this cycle is gearing up for a strong final leg, with potential for BTC to enter a multi-year cycle.
RAY / USDT - Looking for a trend up to $5Raydium swap will grow as Solana grows. I see ray outperforming Solana in the mid to longer term (Weekly). Volume will only increase.
In the shorter term (Daily) I'm expecting a continued trend up towards $5 and above. I have left the chart as simple as i could. This is one of my high conviction plays.
This is not FA. Only a idea. I'm using smaller time frames to enter. Invalidation would be a brake of trend.
If you have liked this chart please boost and leave a follow to be among my first 100 followers here on trading view.
RAYdium update well here we go again. going to start updating all my charts.
iam leaning towards bull bias here. if things start to sink im jumping ship, hopefully early.
well ,, lets see.
go to defi lama, look under SOL chain (clearly a popular chain with big VCs with huge stashes, ie they are gonna pump it and attempt to dump it on your ass) , now look which protocols/services have the most volume.
thats it. thats the thesis. check the % gains compared to its mother chian SOL. better.
this and ORCA (much lower rank but doing crazy volume) and JUP which is awesome to use, gets good results, good volume, etc
lfg. too bad i can't delete this if im wrong like last time (or was i just early? :P)
lfg
Raydium - Load The Truck Raydium.
Higher 24H Fees Generated Than ETH
800M Mcap, 1.6b FDV
Breakout against BTC..
Nobody uses Jupiter.. Raydium is where it's at..
Pump.Fun is the real catalyst for this bull run, and Raydium is the LP they've partnered with..
It's not just a DEX...Raydium grants you , with no experience, and no money.. the power to create your own currency celebrating your overweight cat.. and give people something to believe in.
But it also allows people to create communities around things that matter.. community is the new narrative. People believing in something is the spark of this new movement.
Doge was the first crypto example..
GME and AMC were the first trad fi examples ..
Then came the OG memes DOGE, SHIB...
The space grew to other chains..
PEPE.. BOME... WIF...
Then .. bang. Tweets are being tokenized. Videos are being tokenized..
The merge is happening, between media and money... And it's Raydium at the center of it
Raydium is the pick. Just buy it and don't think about it until end of 2025. Initial target, depth of the cup.. 700ish% against BTC (while btc is breaking out we're assuming).. so 20x in USD more or less.
#RAY/USDT#RAY
The price is moving in a descending channel on a 1-day frame
It is adhering to it well and has completed the right shoulder
We have a bounce from the lower limit of the descending channel and we are now touching this support at a price of 1.52
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 2.05
First target 2.21
Second target 2.55
Third target 2.85
Billy/SOL - Raydium (Meme coin)TF: Daily
Price Action:
Currently the price is in a bearish trend on Daily tf, it has given signs on a lower tf for a pull back to start taking place. If the pullback takes place we can expect the price to reach above marked supply area and even swing highs. (in order for price to be bullish it needs to flip the swing high)
**Buying ranges are mentioned but there is a ton of liquidity below the range, price can come and take out liquidity before continuing the trend, take cautions.
Buying Ranges:
0.02435 – 0.01252
*NOT A FINANCIAL ADVICE – DYOR!*
PENG/SOL - Raydium (Meme coin)TF: Daily
Price Action:
Currently in a bearish trend.
Broke the previous daily structure, and price pulled back in to the current range supply zone which led the break of structure,
Key point: before running into the supply area, price took out the liquidity and then made an internal bos. Currently price is retesting its internal S/R flip zone, which also has a 0.5% of Fib, but as of yet no significant reaction found, if the price starts ranging at the current price levels, I’ll wait for the liquidity to be taken out first before entering a position, or I ‘ll wait for price to come in my demand zone.
Buying Ranges:
0.1403 – 0.1120
*NOT A FINANCIAL ADVICE – DYOR!*
$GIGA: The Rise of the Giga Chad Meme Coin on SolanaIn the ever-evolving world of cryptocurrency, where memecoins often attract speculators and enthusiasts alike, BME:GIGA stands out as the new contender aiming for the top. Built on the Solana blockchain, BME:GIGA positions itself as more than just another memecoin. It's inspired by the Giga Chad meme—a symbol of self-improvement and discipline—and has garnered significant attention from the crypto community.
Whale Moves and the Growing Memecoin Market
The memecoin sector has recently seen explosive growth, with a 36% surge in market capitalization, rising from $41.49 billion to $56.46 billion in just 30 days. Memecoins such as DOGE, SHIB, and PEPE might not be regaining their earlier momentum, but new entrants like BME:GIGA , alongside GOAT and FWOG, are seizing the spotlight.
One of the most significant moments in BME:GIGA ’s recent history was a whale movement involving a $5.46 million investment in memecoins, including $GIGA. The whale allocated 11,750 SOL (around $1.96 million) to purchase 31.71 million GIGA tokens at an average price of $0.062. This move, noted by blockchain monitoring service Lookonchain, signals increasing confidence in BME:GIGA ’s potential.
The Giga Chad Movement
BME:GIGA isn't just about profits; it draws its philosophy from the Giga Chad meme, which emphasizes self-discipline, time management, and personal growth. This foundational ethos resonates within its community, where members strive to improve themselves and inspire others around them.
Beyond its meme origins, BME:GIGA has captured mainstream attention thanks to endorsements from notable figures like Ernest Khalimov, the face of the Giga Chad meme, and bodybuilder Mike O’Hearn. These endorsements have been particularly influential on social media, contributing to price spikes and further embedding BME:GIGA into the fitness and sports culture. The coin's association with Giga Fitness solidifies this unique blend of meme culture and fitness, making BME:GIGA stand out in a crowded marketplace.
Price Movement and Market Sentiment
As of now, BME:GIGA is trading at $0.0615, with a 24-hour volume of over $11 million, showing strong market interest. The memecoin has also climbed by 8.06% in the past 24 hours, pushing its market cap to $572 million, securing its position at #210 on CoinMarketCap.
Technical Analysis: Is There More Growth Ahead?
On the technical side, BME:GIGA is currently navigating a critical resistance level, struggling to break past the $0.077 pivot point. Despite this, the coin remains bullish with its Relative Strength Index (RSI) sitting at 63, suggesting more upside potential. However, to reach its next significant resistance level, a substantial influx of volume will be necessary.
Immediate support is found at $0.048, a level that has held strong during market pullbacks. With BME:GIGA trading above key moving averages, its recent bullish spark has been sustained. Should the broader memecoin market remain heated, BME:GIGA could see further gains in the short term.
Final Thoughts
While BME:GIGA ’s association with high-profile figures and its growing community make it an attractive investment in the short term, its long-term potential hinges on its ability to maintain momentum and evolve beyond its meme origins. Like most memecoins, BME:GIGA thrives on social media hype, and its continued success will depend on sustaining that buzz while delivering real-world value.
For traders, BME:GIGA offers an exciting opportunity, particularly for those who can navigate the volatility of the memecoin market. With technical indicators pointing towards a possible surge and growing whale interest, BME:GIGA could be primed for more upside in the coming weeks.
GME/USDT - MEXC- SOL - Raydium (Meme coin)TF: Daily
Price Action:
Break of structure – Can take a pull back to supply zones and EVEN TO SWING HIGHS (10x)
Internal Break of Stucture (Body to Body) – Price can come into buying ranges to grab Liquidity
Buying Ranges:
0.00287 - 0.0016
*NOT A FINANCIAL ADVICE – DYOR!*
Raydium ($RAY): The Future of DeFi on Solana Raydium ( NASDAQ:RAY ) is one of the most innovative decentralized finance (DeFi) protocols built on the Solana blockchain, with a clear first-mover advantage as an Automated Market Maker (AMM) within the Serum decentralized exchange (DEX) ecosystem. Its dual focus on providing liquidity via an orderbook model and expanding the Solana ecosystem makes it a key player in the DeFi world. With an ambitious roadmap and a growing user base, Raydium continues to capture attention.
Raydium Token Overview
Raydium ( NASDAQ:RAY ) is not just another AMM. What makes it unique is its integration with Serum, providing on-chain liquidity to a central limit orderbook. This allows Raydium liquidity providers (LPs) to access the entire order flow and liquidity available on Serum, making it a bridge between Solana and Serum and a pivotal part of the DeFi ecosystem.
The tokenomics of Raydium ( NASDAQ:RAY ) are well-structured to ensure long-term sustainability and growth. With a total of 550 million RAY tokens minted at genesis, they are distributed over a 3-year period as follows:
- 34% Airdropped to liquidity providers over 3 years
- 30% Reserved for partnerships and ecosystem expansion with 3-year lockups
- 20% Allocated to the team and future employees with a 1-year lockup and a 2-year vesting schedule
- 8% For liquidity provisioning
- 6% For seed funding and community pools
This structured distribution ensures there’s a strong incentive for liquidity providers and ecosystem participants to engage with the platform, while simultaneously locking up a significant portion of the supply to prevent inflationary pressure in the short term. The strategic release of tokens further strengthens its potential for price appreciation.
Current Market Performance
As of now, Raydium ( NASDAQ:RAY ) is trading on major centralized and decentralized exchanges such as OKX, Raydium’s own DEX, and XT.COM. The most active trading pair on OKX, RAY/USDT, saw a trading volume of $994,689 in the past 24 hours. This reflects a growing interest in the token despite recent market volatility.
- Current Price: While Raydium ( NASDAQ:RAY ) is down 89.03% from its all-time high of $16.83, recorded in September 2021, it is still 1,273.44% higher than its all-time low of $0.1344, recorded in December 2022. This showcases significant growth potential.
- Market Cap: Raydium’s market cap sits at $488.1 million, ranking it #148 as per data on CoinGecko. With 260 million NASDAQ:RAY tokens currently in circulation, the fully diluted valuation (FDV) is around $1.03 billion.
- Trading Volume: The trading volume of Raydium over the last 24 hours was $20.37 million, reflecting a 2.50% increase, which shows that market activity is heating up.
Technical Analysis
From a technical perspective, Raydium’s price chart reveals an optimistic outlook. Currently trading at a modest rise of 1.88%, NASDAQ:RAY appears to be gaining momentum.
1. RSI (Relative Strength Index): The RSI for RAY is currently at 59.90, indicating the token is on the brink of entering the overbought territory but still has room for growth. The RSI suggests strong upward momentum, often a precursor for price rallies.
2. Candlestick Pattern: On the daily price chart, RAY has formed a bullish symmetrical pattern, which is commonly seen as a harbinger of positive price action. Symmetrical triangles often lead to breakouts, and with the overall market sentiment favoring bullishness, NASDAQ:RAY looks poised for further upside.
3. Bullish Momentum: The price action indicates continued growth for Raydium, as the token consolidates near resistance levels. A breakout above these resistance levels could lead to a significant price surge, especially given the broader market trends and the growing adoption of Solana-based DeFi platforms.
Conclusion
Raydium ( NASDAQ:RAY ) presents a compelling opportunity in the DeFi space, backed by solid fundamentals and strong technical signals. As an integral part of the Solana and Serum ecosystems, Raydium ( NASDAQ:RAY ) is positioned to benefit from the growing interest in decentralized exchanges and liquidity provision. With a well-thought-out token distribution model, increasing market activity, and bullish technical indicators, Raydium ( NASDAQ:RAY ) is not only holding its ground but is likely to gain even more traction in the near future.
For both long-term investors and short-term traders, Raydium offers an appealing investment case, now could be a prime time to get involved. Keep an eye on the charts and watch for a potential breakout as the DeFi landscape continues to evolve and expand.
Catch the Wave: Why $RAY is Set to Soar!The price action of CRYPTOCAP:SOL indicates that it’s likely to take off.
Beta plays are the things to bet on once Solana starts moving. I’d look at coins like NASDAQ:RAY , LSE:JUP , and $JTO.
The weekly trend is confirmed, but it's lacking a bit of momentum for the monthly. I still think the bet is worth it here and on a retrace into the gray area on the chart—if it actually gives that retrace.
Overall, it’s a super constructive chart.