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RAY / TetherUS

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RAYUSDT trade ideas

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.
Short
by AlanSantana
4
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!
Long
by SvarogPerun
2
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.
Long
by DEXWireNews
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.
Long
by ZelfTrade
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. FOLLOW ME and I will keep you informed of the progress we make. 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 :)
Long
by DeuXfi
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🌴
Short
by MyCryptoParadise
2
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.
by ThinkMarkets
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!
Long
by hkmh
RAY/USDT It required break the supply to continue upward!💎 Paradisers, #RAY is indeed showing promising movements that merit close observation. 💎 Currently, RAY is encountering a supply area ranging from 1.88 to 1.97. In the previous attempt to break above this supply zone, RAY experienced a fakeout, and the current price action suggests rejection from this supply area. 💎 Consequently, there's a likelihood that the price will retest the demand zone around 1.66 to generate new momentum for another attempt to break above the supply area. 💎 However, if RAY manages to break above the supply area without a retest, it could signal significant upward movement, potentially leading to the attainment of our target area. 💎 On the flip side, if RAY fails to bounce off the demand area and even breaks below it, the price may continue downward, revisiting the Bullish Order Block (OB) area. Historical data indicates that RAY has consistently bounced when reaching this zone, and a similar scenario might unfold if RAY revisits the OB+. 💎 It's crucial to monitor RAY's price action closely, particularly its ability to hold above key support and resistance levels. A breakdown below the demand zone, confirmed by a daily candle close below it, would suggest bearish momentum, potentially leading to further downward movement. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
1
📈Navigating Market Restlessness: A Deep Dive into Ray Token 💵🔍Since the previous analysis, the market has exhibited a sideways movement, indicating a period of consolidation. Amidst this, the spotlight falls on Ray Token (RAY), a project garnering attention for its innovative approach within the decentralized exchange (DEX) space, operating on the Solana blockchain. 🔄In the 4-hour timeframe, we find ourselves within a range-bound scenario, with the box's ceiling at 1.7863 and the floor at 1.3569. While navigating within this range, short-term and scalp positions are viable options. However, it's essential to remain cautious, particularly on Sundays, as market volatility tends to be subdued due to reduced participation from major traders. Consequently, risk management becomes paramount to mitigate potential losses during erratic market movements. 📉The primary trigger for short positions lies at 1.3569, with the potential activation of a double bottom pattern upon breaching this short-term support. However, given the subdued market conditions, exercising patience until confirmation of a sustained break below this level is advisable. Conversely, long positions should be approached cautiously, with the primary trigger set at 1.7863, considering the significant resistance at 1.8818. Exploring alternative coins exhibiting relative strength against Bitcoin while lacking extensive overhead resistance may present more favorable long opportunities. 📈For RAY token specifically, a critical level to monitor is 2.4575, beyond which a potential bullish momentum could ensue, particularly in higher timeframes such as daily or weekly. Hence, positioning for long trades post-breakout beyond this level could yield favorable results. 📊Volume analysis indicates a diminishing volume within the box, signaling an imminent sharp movement. Therefore, staying vigilant and capitalizing on sharp price movements is advisable to maximize trading opportunities. 💎Regarding RSI triggers, oversold conditions below 42.68 could signal potential short opportunities, while overbought conditions provide favorable entry points for long positions. However, it's crucial to exercise discretion and wait for confirmation from price action, particularly in scenarios where RSI enters oversold territory, indicating a possible trend reversal. 📝In conclusion, despite the market's current state of restlessness, opportunities abound for astute traders. By employing a judicious approach, leveraging critical triggers, and remaining adaptable to evolving market conditions, traders can navigate the intricacies of the market landscape effectively, maximizing profit potential while minimizing risks.
by itsparham96
RAY/USDT In the crucial support, need bouncing for back upward!💎 Paradisers, #RAY has recently experienced notable market dynamics. Demonstrating a bounce from the support area, RAY has consistently shown resilience at this level, indicating strong support. 💎 There is potential for the price to continue bouncing as observed in historical patterns and retest the strong resistance area. 💎 However, if #RAY breaks below the support area, this could signal a bearish development. In such a scenario, the price may continue its downward trajectory toward the demand area, ranging between $1.6 to $1.3. 💎 It's crucial for price action to confirm a bounce at the demand area and reclaim the price above the support level. Failure to do so could result in further downward movement for #RAY.
by MyCryptoParadise