CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

AMB Crypto 2025-05-15 06:00:24

Raydium targets $4 breakout – Here’s why it could get delayed

Raydium has broken above the $2.85 level, representing a bullish structure break. Its approach of the psychological $4 resistance could be met with setbacks. Raydium [RAY] has been in a steady uptrend over the past eight days. After retesting the $2.2 support zone, Solana’s [SOL] decentralized exchange token has rallied 64.9% at press time. Two weeks ago, it was reported that RAY bulls have a strong case. It has proved correct since then, although early May saw a 27% price dip from $3 to $2.2. Recently, altcoins have been surging higher, and holders might witness further gains in the coming days and weeks. Raydium to test $4 next, but can it break through? Source: RAY/USDT on TradingView On the 1-day chart, Raydium has a bullish market structure. It has breached a significant lower high set during early March. In doing so, the swing structure of Raydium on the 1-day chart was flipped bullishly. This previous lower high was $2.85. On Saturday the 10th of May, the price surged past this local resistance, and two days later, retested is as support before bounding higher. However, its ascent came with a challenge. The Awesome Oscillator has not formed a new higher high, even though the price broke $2.85 first, and was not nearing the $4 resistance. This bearish divergence could see RAY unable to challenge $4, or unable to break this resistance on the first try. The CMF was above +0.05, a sign of strong buying pressure. Source: RAY/USDT on TradingView On the 4-hour chart, the capital inflow has not been as swift or sure. The CMF was at -0.02, and had dipped to -0.26 just 36 hours before the time of writing. Hence, even though the Awesome Oscillator showed bullish momentum, a lack of demand could stall further gains. Source: Coinalyze Data from Coinalyze showed speculative interest. The Open Interest surged from $7.8 million to $11.26 million within a day as Raydium climbed past the $3.2 local resistance. The Funding Rate was positive, and alongside the rising Open Interest, showed bullish market expectations in the short-term. However, the 1-day bearish divergence could stall the rally or induce a pullback from the $4 resistance. Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine