21% gains for Raydium’s (RAY) price, but is a dump incoming now?
Main Idea
Raydium (RAY) price surged by 21%, but potential dumping is hinted as $2.58M worth of RAY was moved to exchanges. A breach of the $3.65 resistance could lead to a 30% price increase.
Key Points
1. RAY's price surged by 21% on 13 August 2025, reaching $3.60, with trading volume up 90% in 24 hours.
2. A breach of the $3.65 resistance level could lead to a 30% price increase, potentially reaching $4.75 or even $5.67.
3. $2.58 million worth of RAY was moved to exchanges, indicating potential dumping.
4. The Relative Strength Index (RSI) stood at 66, suggesting the asset is approaching overbought territory.
5. RAY has tested the $3.65 level multiple times since May 2025, each time facing rejection.
Description
RAY is on the way up, but can its price be stopped from going even higher?
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