Key Takeaways
RAY has tumbled 10% in the last 24 hours, which is just one decimal place away from a polite faceplant. Since mid-June, the spot market has remained a parade of optimistic buyers, proving that hope springs eternal and, apparently, bullish. 📉🎩
Raydium [RAY] tried slipping about 10% in the past 24 hours, giving the $3.28 support zone the kind of test usually reserved for poorly designed bridges.
For most traders, this is as surprising as discovering wet water. It looks like your standard garden-variety correction after weeks of price somersaults. But peer into the on-chain shrubbery and things start to look positively Discworldian.
Whales accumulate orders at key levels
Whales-the vastly wealthy aquatic beasts of crypto-aren’t backing off. Quite the opposite. They are acquiring more RAY at these delightful bargain-bin prices, presumably with the same enthusiasm one reserves for half-price banana daiquiris.
When whales do this, it typically means “confidence”-or at the very least, the kind of overconfidence usually found in billionaire wizards trying experimental magic.
This behavior suggests that even as the market throws panic confetti, the big beasts think RAY is a very fine fish to catch indeed. 🐋
Raydium: Spot market buyers still in control
Retail traders have not retreated to their bunkers just yet. They’re still dotting the landscape like Determined Ducks at a bread convention.
According to AMBCrypto’s crystal ball (disguised as spot market data), buyers have mostly been running the show since mid-June. Order flow has remained bullish-think of it as carrying a perpetual umbrella, preventing RAY from getting soaked by deeper price plunges.
This motley crew of optimistic small buyers provides RAY with a cozy cushion, which is currently working double shifts in the wildly bouncy market. 🦆
A bullish setup in the making?
The technicals are flickering between “No, really, I’m fine” and “Please send snacks.” Momentum indicators look as nervous as a hedgehog in a balloon shop, and short-term charts have decided to cosplay as bears.
Yet the overall structure hasn’t burst into flame, as long as $3.05 holds the line. Until that happens, this downturn smells suspiciously like a hasty correction before jumping back on the bullish bandwagon. 🚋
If whales keep gobbling up RAY at these prices and spot market buyers don’t lose interest, this could all turn into a mighty robust rebound. The real challenge? Can RAY hold this zone and turn a blanket of buyer optimism into a full-on stampede?
As things currently stand, expect a possible grand reversal, charting the sort of bullish path that would make even Discworld’s Guild of Accountants nod with approval.
Read More
- Gold Rate Forecast
- USD ILS PREDICTION
- EUR PKR PREDICTION
- XMR PREDICTION. XMR cryptocurrency
- TIA PREDICTION. TIA cryptocurrency
- GBP RUB PREDICTION
- EUR ILS PREDICTION
- INJ PREDICTION. INJ cryptocurrency
- TON PREDICTION. TON cryptocurrency
- BNSOL PREDICTION. BNSOL cryptocurrency
2025-08-19 11:07