$RAY

Dear Binance Friends , here’s an update on Raydium (RAY)

📉 Market Snapshot

Current Price: ~$2.32 (–0.4% in 24 h, +10.5% on coinmarketcap; weekly performance mixed around –4%–0%)

Market Cap: ~$619 M; 24‑h volume ~ $350 M

🔍 Technical Structure & Trade Zones

🟢 Support

**$2.00–$2.10**: strong psychological floor, repeatedly holding during dips

**$2.30–$2.32**: near current range—previous resistance that may act as support

🔴 Resistance

**$2.50–$2.52**: 50‑day EMA sits here; daily close above could trigger momentum

**$3.00–$3.20**: mid-term target cluster; next supply area

📈 Chart Patterns

Stabilized after 6‑month consolidation—now showing a breakout setup

Technical ratings from Bitget/CentralCharts lean neutral‑slightly bullish on daily across oscillators and MAs

🧭 On‑Chain & Whale Activity

Whale behavior: Notable withdrawal of $2.3 M) from Binance, then staked—classic accumulation play

Exchange OI & Futures flow: Recently doubled (from ~$17 M to ~$32 M OI)—suggests new money entering

Whale accumulation phase: Broader smart-money buildup evident during consolidation ahead of breakout

🎯 Trade Strategy

Zone Strategy Notes

**$2.00–$2.10** Buy-the-dip Base layer with tight stop below $1.95

Current/Support retest Scale around $2.30–$2.35 Confirming support at prior resistance

**Breakout > $2.50 (50‑day EMA)** Add/Swing

long Targets: $3.00→$3.20; momentum increases above D/E convergence

Stop‑loss Below $2.25 / $2.00 Keeps risk defined under key levels

⚠️ Risks & Catalysts

False breakout risk: Need convincing daily close >$2.50 with volume

Macro & sentiment shifts: Crypto-wide pullback could drag RAY—watch BTC/ETH correlation

🔍 Mid‑Term Targets

Short term: $3.00–$3.20 — supply/resistance zone backed by CoinCodex forecasts (~22% upside)

Extended: If momentum holds, potential to test $8.96–$11.05 area (prior multi-year highs)

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