Raydium (RAY) Analysis – November 2024Raydium (RAY) Analysis – November 2024
The chart highlights that RAY has experienced a significant upward movement, currently trading at $4.801 after a notable surge of +49.28%. This rise has propelled it above a key resistance zone near $3.5, which now acts as a support.
Key Observations:
Resistance and Potential Targets: The breakout above $3.5 suggests a bullish momentum. If this trend continues, RAY could reach higher targets around $6.5.
Pattern Formation: The current trajectory appears to align with a "cup and handle" pattern, typically indicative of further bullish continuation.
Next Moves: A successful consolidation above the current breakout level could pave the way for another leg up, while a fallback below $3.5 might signal the need for caution.
Conclusion:
RAY's recent momentum positions it for potential further gains, contingent on its ability to maintain above the breakout level and continue capitalizing on bullish market conditions.
#Raydium #RAY #Crypto #TechnicalAnalysis #PriceTargets
RAYUSDT.P trade ideas
Here I buy Raydium at $4Here I buy Raydium at $4
My buy orders are starting from $4
Selling orders getting filled
I think I'm triggering Raydium supply shock
The wait is over
and after all the talk, all I gotta say is
you're welcome you're all welcome
Like I always do at this time
i go for mine
I got to shine
now throw yo hands up in the skyyyyyyyy
Raydium Double-Top, Low Risk 4X SHORT—140% PotentialLadies and gentlemen, we are going to add a new pair to our list of public SHORTs. We have about five already.
SHIBUSDT, PEPEUSDT and BNBUSDT all hit the first target and are doing good. I think SOLUSDT is no good right now and RUNEUSDT also hit the first target. ETHUSDT is in the green but hasn't hit any targets yet, it will soon.
To this list, we are now adding Raydium, RAYUSDT. The tile says it all. This SHORT is based on a double-top or lower high. Look how big is the shadow of the last peak, something similar can happen again. Or it can happen that the pair ends in a lower high; whatever happens, down it will go next.
The way to end up with a sure profit is by using low lev. If you use high leverage the whales will manipulate the market until your position is liquidated. If you use low leverage you can win this and many other trades.
It is very important to win in order to develop a winning feeling, to get in the flow. If you are in a hurry and hoping always to hit it big, you can never get a win and instead lose over and over and this makes it even harder to achieve success. Instead of making it big, making money fast and making money with 100X, make several small moves, 2-3X, that's ok. Get on the habit of winning and withdrawing and staying calm with a stable mind and this will open the doors for higher leverage and big gains.
If you can't appreciate the small, you won't be able to spot the opportunities that will make a difference for you. If you cannot wait, you cannot trade. Patience is key.
No more platitudes... Full trade-numbers below:
➢ SHORT RAYUSDT
Leverage: 4X
Entry levels:
1) $3.333
2) $.3110
3) $2.950
Targets:
1) $2.830
2) $2.662
3) $2.400
4) $2.175
5) $1.950
Stop-loss:
Adjust to your own risk tolerance
Potential profits: 140%
Capital allocation: 3%
____
Disclaimer: Take a shower, brush your teeth, buy a house, open a company, get to work... Wait a minute, what is this? I cannot order you around and you cannot order me. We are all adults, you do what you believe is right and your are responsible for your own actions.
Trading is not for kids, it is a game for adults. There is big risk involved with leverage and mistakes can lead to loss. If you can't afford to lose money, do not trade. I am not responsible for your actions, I am only sharing numbers and letters, information, you can either use them or ignore them, but this is not financial advice.
Thank you for reading.
Namaste.
This #1 Crypto Is Going UpTrading crypto crypto can be a challenge
especially if you are not sure if the project will work
well or not.
This crypto BINANCE:RAYUSDT
is about to do a launch coming in about a week or so
its because of this launch
that's why I think its a possible good buy.
Also, it follows the rocket booster strategy
The rocket booster strategy has 3 steps:
-The price has to be above the 50 MA
-The price has to be above the 200 MA
-The price should gap up in an uptrend.
If you want to understand the uptrend of any price action
then this is the system to follow if not then
you will have to develop your own system to understand
whether the price is in an uptrend or not.
Rocket boost this content to learn more.
Disclaimer:
Trading is risky you will lose money wether you like it
or not please learn risk management and profit-taking strategies.
#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
Raydium Looking Toppy (Top/High = Bearish)This is the type of pair to stay away from, Raydium (RAYUSDT), or, I should say, this pair looks bearish and can be good only for going SHORT.
Raydium grew a lot and is super bullish. It grew since late 2023 after a long period of consolidation and is now trading at high prices. When prices were low, this would have been a great option to buy. Now that prices are high, it is no longer a good option, right now is the time to sell.
We can see strong green candles now on a daily basis, volume is low. We can see a parabola and prices never move straight up. It can peak today, tomorrow or in a few weeks (likely soon), but there is way too much resistance right ahead. This is the type of pair that we either SHORT or stay away.
It is more likely than not to crash soon.
I hope you find this information useful (take profits!).
Thank you for reading.
Namaste.
RAY ANAlYSIS🔮 #RAY Analysis 💰💰
📊 #RAY is making perfect and huge rounding bottom pattern in daily time frame, indicating a potential bullish move. If #RAY breakout the pattern with high volume then we will get a bullish move📈
🔖 Current Price: $2.375
⏳ Target Price: $2.990
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#RAY #Cryptocurrency #Pump #DYOR
RAY Long Position (Breakout Retest) Market Context: RAY has broken through its daily resistance and is currently retesting the breakout level, presenting a prime opportunity to enter a long spot position.
Trade Setup:
Entry: Around $1.98
Take Profit:
First target: $2.30
Second target: $2.60
Stop Loss: Just below $1.70
This setup leverages the breakout retest, offering a solid entry with clear risk management. #RAY #Crypto #Breakout
RAY is going to close this month bullishHello, as we took beautiful trade with RAY - 80% profit, some of you 130% profit with RAY in one trade recently... there can be continuation... Monthly engulfing green candle means that RAY is strong at the moment... at least 0.35 usdt region should be visited again in February. With power there can be another 100%+ rally. Volume was really huge at the bottom so it looks like whales are in with loaded bags... let's se. BUT MANAGE YOUR RISK AND USE STOPLOSS!
Have a great day!
Raydium ($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.
RAYUSDT 1H - up if it breaks the triangleRAYUSDT 1H - up if it breaks the triangle
It is forming a bullish channel that could push the price up to 1.86 without any major problem.
To validate this rise, it remains to be seen how the price evolves upwards.
This strategy can be executed with TradeX BoT when we finish developing it.
TradeX BoT (in development):
Tool to automate trading strategies designed in TradingView. It works with both indicators and graphic design tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders.
This tool is in the process of development and the BETA will soon be ready for testing.
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I share with you my technical analysis assessments on certain stocks that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indications. Get informed, educate yourself and build your own strategies when it comes to investing. I only hope that my comments help you on your own path :)
Is RAYUSDT Heading for a Major Downturn? Key Levels to Watch!Yello, Paradisers! Are we about to witness a significant downturn for #RAYUSDT? Let's break down the current situation.
💎#RAY has broken through the ascending channel support, signaling a potential shift towards bearish momentum. The price has recently dipped below key levels, hinting at a possible upward retest to the supply zone between $1.57 and $1.70 before continuing its downward trajectory.
💎The first target to watch is the strong support area. This zone is crucial for NASDAQ:RAY ; if the price breaks down below this level, we could see a significant downturn with the highest probability of reaching our final target in the demand area around $0.94.
💎However, If NASDAQ:RAY manages to reclaim the price above the ascending channel support and breaks the resistance at $1.96, this would invalidate the bearish momentum. In that case, the price could potentially continue its upward movement.
Stay sharp, traders, and keep these critical levels in mind as you navigate the market.
MyCryptoParadise
iFeel the success🌴
RaydiumRAY - Is a Solana DEX Play
Reason To Consider
1. DeFi maybe Blockchain top use case
2. High-Speed Transactions
3. Low Transaction Fees
4. Deep Liquidity
5. Staking Rewards
6. Cross-Chain Compatibility
7. User-Friendly Interface
8. Strong Community
9. Partnerships
10. Solid Governance
11. Growth Potential
I believe this token will perform very well for the rest of the Bull.
Easy 6X if RAY catches 50% of UNI or just returns to all time high.
TRADE SAFE
Ray Coin shows a promising pattern amid market gloomDespite market challenges with Mt. Gox and the German government selling Bitcoin, Ray coin could be in the process of forming an ascending triangle pattern. The price action is currently set up as a double top at $2, but a third rejection at this level would turn into an ascending triangle pattern.
Ray could surge if Bitcoin bottoms out after the German government sells it. Measuring from the June 24th low to the $2 neckline, the difference is 64 cents or 47%. Adding this to the neckline gives a target of $2.64, representing a 31% move. This presents a solid risk-to-reward ratio, making Ray a noteworthy watch.
Do your own research and proceed with caution. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Raydium: A better investment than SOLANA and UNISWAPRaydium: The DEX Giant
RAYDIUM is the biggest DEX (decentralized exchange) on the planet! It should normally have a higher price than Uniswap, which currently boasts a $6.5 billion market cap.
Raydium is deeply undervalued, currently ranked #149 on CoinMarketCap.
Fair Valuation for Raydium
If Raydium had the same valuation as Uniswap (which is reasonable considering Raydium's daily volume is 200 million higher), its fair price would be $45.48 USD! This number could even be higher because Raydium is the number 1 DEX on CoinMarketCap. (Formula: current Market Cap (Uniswap) / Market Cap (Raydium) * 1.87)
Raydium's Growth Potential
This year, Raydium has grown by 1500%, compared to Solana's 700% increase. Additionally, there are only 262 million RAYDIUM in circulation, which paves the way for significant price gains.
Fibonacci Targets for Raydium
Fibonacci 1.6 Target: $34 USD (17x current price) - I am confident we will reach this level.
Fibonacci 2.6 Target: $55 USD (27x current price) - I am confident we will reach this level, as this is common for cryptocurrencies.
Fibonacci 4.2 Target: $88 USD (44x current price) - Reaching this target is not unusual in the crypto space.
Fibonacci 1.6 Target: $286 USD (150x current price) - While ambitious, this kind of growth is also seen in the crypto market.
Solana's Potential
Currently, Solana is trading at $173 USD.
Fibonacci 1.6 Target: $490 USD (2x current price) - I am confident we will reach this level.
Fibonacci 2.6 Target: $540 USD (3x current price) - I am confident we will reach this level, as this is common for cryptocurrencies.
Fibonacci 4.2 Target: $1150 USD (5.5x current price) - Reaching this target is not unusual in the crypto space.
Fibonacci 1.7 Target: $4200 USD (24x current price) - While ambitious, this kind of growth is also seen in the crypto market.
Raydium and Solana Correlation
Raydium's price often moves in correlation with Solana's price action, but with a typically higher percentage increase.
Conclusion: Raydium - A Promising Investment
Considering all these factors, a fair price for Raydium seems to be around $50 USD, suggesting it's significantly undervalued. The potential returns for Raydium appear to be even greater than those for Solana.
Do Your Own Research (DYOR)
Remember, this is just an analysis. It's crucial to conduct your own research before making any investment decisions. However, investing in RAYDIUM could be a wise choice, as a $100 investment could potentially yield a return of at least $1700 USD!