RAY price is beginning to recover after hitting an important support level. The token has gained almost 8% today and is now trading near $2.23. Trading volume has increased by over 130% in the past day, which has brought RAY back into focus as one of the most active altcoins at the moment.
The main question now is whether this marks the beginning of a larger upward movement or if it’s just a temporary bounce before prices fall again. Traders are keeping a close eye on the next moves.
What you'll learn 👉
What the Chart and Indicators Are Saying
Raydium price has been in a correction since its May peak around $3.50, forming lower highs and lower lows. Price recently bounced from the $2.09 area, just above the well-established demand zone between $1.80 and $2.00. This same zone has acted as a base for previous rallies in March and April.
Now, RAY is attempting to stabilize while still trading below the 50-day simple moving average, which currently sits near $2.76. That moving average has rejected the price twice this month. Bulls need a clean breakout above $2.75 to shift the structure back toward bullish territory. Until then, price remains vulnerable to downside pressure.
Where Momentum Indicators Stand
Most of the daily momentum indicators are still leaning bearish. The RSI is at 41.56, which means momentum is weak—but not quite in oversold territory yet. The MACD is also in the red at -0.166, showing that downward pressure is still in play. As for the Ultimate Oscillator, it’s sitting at 47.43, just below neutral, which tells us buyers haven’t really stepped in with any strength yet.
The Rate of Change (ROC) stands at -7.357, confirming recent losses, while Bull/Bear Power is at -0.262, showing bears still have the upper hand. Only the CCI is neutral at -36.40, indicating short-term indecision rather than a directional shift.
| Indicator | Value | Interpretation |
| MACD (12,26) | -0.166 | Ongoing bearish momentum |
| RSI (14) | 41.56 | Weak momentum, not yet oversold |
| CCI (14) | -36.40 | Neutral, slight downward bias |
| Ultimate Oscillator | 47.43 | Mild bearish pressure |
| ROC | -7.357 | Strong recent downward price movement |
| Bull/Bear Power (13) | -0.262 | Bears currently dominant |
Raydium (RAY) Price Forecast
To regain bullish footing, RAY must hold above $2.00 and break through the $2.75 resistance level with volume. A breakout could open the path toward $3.00 and above. On the other hand, failure to sustain this bounce might send Raydium price back to test the $1.80 zone or lower.
So, is it too late to buy RAY?
Not necessarily. But traders may want to wait for confirmation, either a strong breakout above $2.75 or a solid retest of $2.00 holding, before making a move. As of now, the setup favors cautious optimism but not full momentum recovery.
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