Raydium (RAY) Plummets 82% from Peak: Is the $1.28 Zone the Breaking Point? 📉😵💫
The recent price chart for Raydium (RAY) reflects a concerning trend. Despite its strong fundamentals and promising project, the past four weeks have seen a significant decline. The price has dropped by 69% over this period and is now down 82% from its all-time high—a sharp fall from its earlier success. This downturn raises questions about its near-term outlook.
If $RAY breaches the critical support zone between $1.28 and $1.54 and continues to slide lower, the situation could worsen considerably. A break below this level might signal a deeper collapse, potentially pushing the price to new lows and undermining confidence in its recovery.