Today, the price of $RAY has fallen sharply.
According to the current known news, Pumpfu is testing its automatic market maker (AMM), which may replace Raydium. This potential threat may be the reason for the sharp decline in the price of $RAY . However, this is only a negative factor. Whether it will eventually replace Raydium has not yet been determined, and when it will happen is difficult to predict. From the market point of view, Ray is currently in a state of heavy volume decline. Although it has reached the support level of 3, the market is still unstable. For short-term investors, the focus should be on whether the price can stop falling and stabilize here. It is a sound strategy to consider entering the market after the situation becomes clear. Yang Ge's analysis pointed out that RAY has a 64% correction from its high point, and it is in a severely oversold range at the one-hour, four-hour and daily levels. In the past, when Ray's market makers conducted periodic wash-outs, the amplitude was relatively deep. Based on this, the current price of RAY is quite attractive from the perspective of cost performance. However, it should be noted that Sol will be unlocked in large amounts on March 1, which is likely to cause a risk of collateral decline. Therefore, Yang Ge recommends that investors, especially those with large amounts of funds and heavy positions, should not rush to enter the market; while investors with light positions can buy in small amounts if they intend to make arrangements. In general, waiting for the bad news to be exhausted before entering the market may better avoid risks and seize investment opportunities.
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