$RAY continues to show strong performance against Tether (USDT), with its price currently trading at 3.756 USDT, just shy of the 24-hour high of 3.799 USDT. This price action reflects a healthy recovery from the day’s low of 3.266 USDT, indicating solid buying interest and momentum in the market. The increased activity may be linked to growing adoption of Raydium’s automated market maker and liquidity services on the Solana blockchain, especially as decentralized exchanges like Serum gain more traction. Traders are likely keeping an eye on this pair due to its recent volatility and strong upward movement.
The technical indicators further reinforce the bullish sentiment, with the price positioned above all key moving averages—MA(7) at 3.698, MA(25) at 3.535, and MA(99) at 3.327. This alignment suggests that short, medium, and long-term trends are in favor of continued growth. Coupled with a 24-hour trading volume of 12.42M for RAY and 44.30M in USDT, liquidity remains robust, supporting smoother execution for both retail and institutional traders. If the bullish pressure sustains, a breakout above the 3.799 resistance could open the path toward the psychological 4.00 USDT level, making this an interesting setup for momentum traders.
