Raydium ($RAY ) Dips 10% Amid Correction, But Whales Signal Confidence

#Raydium (RAY) has slipped around 10% in the past 24 hours, testing support near the $3.28 zone. While the move may appear as a routine correction after several weeks of steady gains, on-chain data suggests a more nuanced story.

Whales Step In at Key Levels

Despite the dip, large holders—whales—are actively adding to their positions. According to CryptoQuant, this accumulation has occurred near key demand zones, a behavior that historically signals strong confidence among institutional or high-net-worth investors.

Such activity suggests that big players see value in RAY at current levels, even as short-term sentiment shows cautionary signs.

Spot Market Buyers Maintain Control

Retail traders have not stepped aside either. Analysis from KriptoNovini.bg shows that spot market data for RAY indicates buyers have generally dominated since mid-June.

Order flow has leaned bullish on average.

Smaller traders continue to absorb selling pressure, helping prevent sharper pullbacks.

This ongoing presence of retail buyers provides RAY with a buffer against more severe declines, even amid a choppy market environment.

Technical Picture: Correction or Bullish Continuation?

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