{"id":6606,"date":"2022-08-30T14:54:47","date_gmt":"2022-08-30T18:54:47","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=6606"},"modified":"2022-08-30T14:54:47","modified_gmt":"2022-08-30T18:54:47","slug":"raydium-springs-up-from-underwater-could-this-be-a-ray-of-hope","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2022\/08\/30\/raydium-springs-up-from-underwater-could-this-be-a-ray-of-hope\/","title":{"rendered":"Raydium Springs Up From Underwater, Could This Be A Ray Of Hope?"},"content":{"rendered":"

The price of\u00a0Raydium<\/a>\u00a0(RAY) drops to $0.7 against Tether (USDT) from its all-time high of $15 as it eyes to bounce from its low. Despite the relief bounce across most crypto assets, the price of Raydium (RAY) has continued to remain dormant at its all-time low. (Data from Binance)<\/p>\n

Raydium (RAY) Price Analysis On The Weekly Chart\u00a0<\/p>\n

The price of RAY crashed to its low of $0.7 by over 95% from a high of $15 after seeing several rejections from areas of resistance.\u00a0<\/p>\n

RAY has shown little bullish moves on the weekly chart, as this could suggest a bullish move could happen in no distant time. With bulls buying RAY at this valued price, we could see the price going to $3.5, acting as the next significant resistance for RAY\u2019s price.<\/p>\n

If there are no buy orders, we could see the price of RAY range between the values of $0.55-$0.7 as these prices act as support areas.<\/p>\n

If the price of RAY maintains its current structure, we could retest the resistance at $2.5-$3.5, depending on the buy volume orders.\u00a0<\/p>\n

Weekly resistance for the price of RAY \u2013 $0.25-$0.35.<\/p>\n

Weekly support for the price of RAY \u2013 $0.55-$0.7.<\/p>\n

Price Analysis Of RAY On The Daily (1D) Chart
\nDaily RAY Price Chart | Source: RAYUSDT On Tradingview.com<\/a><\/p>\n

The price of RAY found its daily low at $0.6 and quickly bounced off the area where it has formed good support. RAY\u2019s price moved to a region of $0.7 but could not sustain its movement as it continued to range.\u00a0<\/p>\n

Despite showing a great momentum sign, RAY is trading at $0.714 below the 50 and 200 Exponential Moving Averages (EMA), acting as resistance for the price of RAY to break higher.\u00a0<\/p>\n

The 50 and 200 EMA correspond to prices of $0.8 and $2.2, respectively; for RAY to trend higher, it must break through this region, which acts as resistance for RAY prices.<\/p>\n

A break and close above the 50-day moving average would indicate a short-term relief bounce, while a close above the 200-day moving average would indicate a downtrend reversal to the upside of the current bearish trend.<\/p>\n

If the price of RAY fails to break the resistance at $0.8, it may fall to the lower region for price accumulation at $0.6.<\/p>\n

Daily (1D) resistance for RAY price \u2013 $0.8, $2.2.<\/p>\n

Daily (1D) support for RAY price \u2013 $0.6.<\/p>\n

Price Analysis Of RAY On The Four-Hourly (4H) Chart
\nFour-Hourly RAY Price Chart | Source: RAYUSDT On Tradingview.com<\/a><\/p>\n

The price of RAY on the 4H chart has continued to look bullish, holding above the support area at $0.7, corresponding to the 50 EMA on the 4H chart with more buy orders in this region.<\/p>\n

RAY formed a bullish divergence on the 4H chart as the price was oversold; we could see the price of RAY going to the resistance at $0.8.<\/p>\n

The Relative Strength Index (RSI) for RAY on the 4H chart is above 60, indicating good buy volume for RAY price.<\/p>\n

Four-Hourly (4H) resistance for RAY price \u2013 $0.8.<\/p>\n

Four-Hourly (4H) support for RAY price \u2013 $0.68.<\/p>\n

Featured Image From Coingape, Charts From TradingView.com <\/p>\n

\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

The price of\u00a0Raydium<\/a>\u00a0(RAY) drops to $0.7 against Tether (USDT) from its all-time high of $15 as it eyes to bounce from its low. Despite the relief bounce across most crypto assets, the price of Raydium (RAY) has continued to remain dormant at its all-time low. (Data from Binance)<\/p>\n

Raydium (RAY) Price Analysis On The Weekly Chart\u00a0<\/p>\n

The price of RAY crashed to its low of $0.7 by over 95% from a high of $15 after seeing several rejections from areas of resistance.\u00a0<\/p>\n

RAY has shown little bullish moves on the weekly chart, as this could suggest a bullish move could happen in no distant time. With bulls buying RAY at this valued price, we could see the price going to $3.5, acting as the next significant resistance for RAY\u2019s price.<\/p>\n

If there are no buy orders, we could see the price of RAY range between the values of $0.55-$0.7 as these prices act as support areas.<\/p>\n

If the price of RAY maintains its current structure, we could retest the resistance at $2.5-$3.5, depending on the buy volume orders.\u00a0<\/p>\n

Weekly resistance for the price of RAY \u2013 $0.25-$0.35.<\/p>\n

Weekly support for the price of RAY \u2013 $0.55-$0.7.<\/p>\n

Price Analysis Of RAY On The Daily (1D) Chart
\nDaily RAY Price Chart | Source: RAYUSDT On Tradingview.com<\/a><\/p>\n

The price of RAY found its daily low at $0.6 and quickly bounced off the area where it has formed good support. RAY\u2019s price moved to a region of $0.7 but could not sustain its movement as it continued to range.\u00a0<\/p>\n

Despite showing a great momentum sign, RAY is trading at $0.714 below the 50 and 200 Exponential Moving Averages (EMA), acting as resistance for the price of RAY to break higher.\u00a0<\/p>\n

The 50 and 200 EMA correspond to prices of $0.8 and $2.2, respectively; for RAY to trend higher, it must break through this region, which acts as resistance for RAY prices.<\/p>\n

A break and close above the 50-day moving average would indicate a short-term relief bounce, while a close above the 200-day moving average would indicate a downtrend reversal to the upside of the current bearish trend.<\/p>\n

If the price of RAY fails to break the resistance at $0.8, it may fall to the lower region for price accumulation at $0.6.<\/p>\n

Daily (1D) resistance for RAY price \u2013 $0.8, $2.2.<\/p>\n

Daily (1D) support for RAY price \u2013 $0.6.<\/p>\n

Price Analysis Of RAY On The Four-Hourly (4H) Chart
\nFour-Hourly RAY Price Chart | Source: RAYUSDT On Tradingview.com<\/a><\/p>\n

The price of RAY on the 4H chart has continued to look bullish, holding above the support area at $0.7, corresponding to the 50 EMA on the 4H chart with more buy orders in this region.<\/p>\n

RAY formed a bullish divergence on the 4H chart as the price was oversold; we could see the price of RAY going to the resistance at $0.8.<\/p>\n

The Relative Strength Index (RSI) for RAY on the 4H chart is above 60, indicating good buy volume for RAY price.<\/p>\n

Four-Hourly (4H) resistance for RAY price \u2013 $0.8.<\/p>\n

Four-Hourly (4H) support for RAY price \u2013 $0.68.<\/p>\n

Featured Image From Coingape, Charts From TradingView.com <\/p>\n

\u00a0<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-6606","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/6606","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=6606"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/6606\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=6606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=6606"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=6606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}