RAY Coin Soars 21%! Is it the big players driving the price up or retail investors buying in?
Today, RAY Coin has truly taken off! It skyrocketed to 2.78 at the opening, with a 24-hour increase of over 21%, and the K-line is almost flying off the screen!
The influx of hot money is like they are throwing it in without care!
But don't celebrate too early; the MACD has just shown a death cross, and the RSI is overbought at above 70. Is this price surge really the big players setting a trap?
Looking at the historical data, RAY rebounded from last year's low of 0.13 to the current price, a total increase of 276%, but it is still far from the historical high of 17.8!
Now that the Solana ecosystem is thriving, Raydium's cross-chain liquidity service is indeed attractive, but the Federal Reserve's interest rate hikes are still looming overhead. If policy tightens, this wave of hot DeFi money could flee in an instant!
If it can hold the resistance level and push higher, that's great, but if it breaks down, one must be cautious of a waterfall crash! Is now the time to chase high prices? Are you looking to catch the bottom or get caught in a liquidation?
In the upcoming strategic direction, I will guide my followers to aim for a certain coin's profit opportunity, with an expected return of over 10 times being quite feasible. Follow + comment, and I'll take you along on this journey!
