#CryptoStocks Here’s the latest snapshot on RAY/USDT (Raydium) trading activity:
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📈 Current Price & Trends
Trading around $2.26 USDT, up roughly 9–10% in the last 24 hours .
Weekly performance has been mixed: some platforms report a slight overall decrease (~–3%) while daily volatility remains high .
All‑time high: ~$16.93 on September 12, 2021. All‑time low: ~$0.13 in December 2022 .
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🔍 Technical & Market Sentiment
TradingView analyses (Binance, Bitrue):
Mixed chart patterns: some highlight bearish technicals (e.g., double tops, MACD breakdown), others suggest major support zones in the $2.85–$3.25 range .
Long setups flagged by some traders, though entry points are pending clear confirmation .
AI & signal tools (CentralCharts/Londinia):
Most daily indicators (MACD, Parabolic SAR, Aroon, CCI, pivot crossovers) are flashing bullish signals .
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🧠 Summary
Factor Analysis
Short‑term Mixed signals: Neutrals to slight bullish; caution warranted due to volatility.
Mid/Long-term Under pressure since recent peak; finding potential support around the $2–$2.30 range.
Trading View Balanced views: Some traders see a buying opportunity; others are bearish until resistance is broken.
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🎯 What to Watch
Support level: ~$2.00–$2.30 (key short-term floor)
Resistance levels: ~$2.85–$3.25 (major swing area)/$4.20 and higher if momentum picks up .
Keep an eye on Solana ecosystem news (“own‑the‑shovels” theory): Raydium often mirrors SOL trends .
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✅ Final Take
Intraday to swing traders: Still valid setups exist—especially long positions with tight stops—but risk remains elevated due to mixed indicators.
Consider waiting for strong confirmation: a rebound off key support or a breakout above the $2.85–$3.30 zone.
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🔧 What You Can Do Next
Track price action around $2–$2.30; confirmation there could signal a bounce.
Monitor broader Solana (SOL) trends—Raydium often echoes its momentum.