Trading recommendations for RAY coin on BINANCE platform with an overview of the coin project and technical analysis until the end of the week

Here’s a comprehensive overview of the Raydium (RAY) coin project, its technical analysis, and trading recommendations until the end of the week on the Binance platform. 

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Overview of the Raydium (RAY) project

Raydium is an Automated Market Maker (AMM) and liquidity provider built on the Solana network, known for its ability to provide liquidity to a centralized order book through integration with the Serum platform. This integration allows users to access deeper liquidity and execute a wider range of orders, such as market and limit orders. 

The RAY token plays a pivotal role in the Raydium ecosystem, being used for:

• Incentivizing liquidity provision.

• Participation in the AcceleRaytor project launch platform.

• Receiving a portion of trading fees.

• Participation in project governance. 

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Technical analysis for RAY coin (up to June 2, 2025)

Current price: $2.32

Key technical indicators:

• Relative Strength Index (RSI): around 78, indicating an overbought condition that may be followed by a price correction.

• Money Flow Index (MFI): at 82.73, enhancing the likelihood of a near-term correction.

• Elder-Ray indicator: indicates the stability of bullish momentum, with a possibility of it slowing down. 

Support and resistance levels:

• Support: $2.20

• Resistance: $3.11  

Moving averages:

• 50-day average: $1.55

• 200-day average: $1.48

The current price has surpassed both averages, indicating a strong bullish trend in the medium term.

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Trading recommendations until the end of the week

For traders:

• Entry strategy: Consider buying if the price rebounds from the support level of $2.20 with confirmation from momentum indicators.

• Exit strategy: Sell near the resistance level of $3.11 or if the indicators show strong overbought signals.

For medium-term investors:

• Entry strategy: Buy if the price breaks through the resistance level of $3.11 sustainably, which could pave the way to reach levels of $4.00 or $5.90.

• Exit strategy: Monitor technical indicators and sell if reversal signals appear.

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Risk alerts

• The rise in RSI and MFI indicators suggests the possibility of a near-term price correction.

• Bullish momentum may slow down, requiring caution and close monitoring of technical indicators. 

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Please note that these recommendations are not considered investment advice, and one should always conduct personal research and analysis before making trading decisions.#TradingTypes101