Are you watching the RAY prices to see if it is appropriate to go for it? You’re in the right spot. RAY has been down and out since its high in February, slowly descending in the overall market turmoil. However, RAY has made nearly 28% of gains for the past month, creating buzz among short-term traders. A 3.7% price increase in Raydium analysis was recorded in the last 24 hours, which, along with a more than 22% spike in trading volume, has been catching traders’ attention. With the crucial technical levels in action, let’s get into the last Ray coin price analysis and break down what could happen next.
RAY Price Analysis of the Last 24 Hours
The RAY trading session on April 22 begins with downward momentum. RAY started trading with a slight increase under $2.30, but it continued to grow slowly in the early hours. Movement on the token was first pushed by a golden cross on the MACD at around 07:10 UTC, which initiated a small rally.
However, fluctuations were visible as the RSI hit overbought several times at 03:20, 12:50, 13:10, and finally at around 21:50 UTC. These RSI peaks, despite the bullish momentum, were suggestive of weakening buyer strength. From 02:25 to 22:25 UTC on April 22, a series of MACD death crosses confirmed the increasing bear pressure over the market. By 6:00 UTC, this trend follows a break from the previous bullish channel. Meanwhile, RSI has also hit the 27.91 mark, dipping deep into an oversold territory that could sustain a relief bounce.
Chart 1, analysed by Anushri Varshney, published on TradingView, April 23, 2025
Significant support looks set around the $2.18 mark, while tight resistance in the $2.75 zone holds the price action in the trading range. Should bulls regain strength and RSI recover above 30 with a new MACD golden cross, Raydium may undertake a short-term rebound. Otherwise, the price could retest these lower supports as the dominion of bears prevails.
RAY Price Movements on April 23
RAY initially fell to $2.599 during the early hours of 23 April, and MACD fluctuated as RAY ascended to $2.670 before retracing to $2.599. Around 9:00 UTC, the MACD lines crossed with bullish momentum, signaling an upward trend that topped out at about $2.76 before a minor pullback and consolidation around the $2.62 zone. Multiple overbought conditions were seen on the RSI indicator, which later stabilized near the midline.
RAY Price Prediction: Can Raydium Touch $1.5 Soon?
The RAY price will likely remain volatile, influenced by its established trading range. A raydium analysis would say that things depend on whether RAY Token can break out of the confines of resistance at $2.75; otherwise, it would be heading downwards to retest $2.20 support. With the bearish signals from the MACD and repeating overbought conditions from the RSI, a consolidation or possible retracement is likely to happen. To follow it up, a successful breakout could push the price further up, while a breakdown may subject it to a more considerable correction. At a crucial level, watch whether RAY breaks down because it will give clues to understand RAY’s next big move.
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