RAY tests $1.4583 support after 17% pullback
- —RAY rose from $0.60 in August to $1.80 on Sept. 11, then fell 17% to $1.50
- —RSI dropped from above 80 to 53.95, with trading volumes falling noticeably
- —Raydium accounts for 63% of tokenized equity volume on Solana and 75% of xStocks volume
- —Over 30 days the protocol collected $18.8 million in fees and $3 million in revenue, part of which funds RAY buybacks
Why it matters: Holding $1.4583 would preserve the bullish structure, while a break below would open the way to $1.10; growing tokenized equity activity supports the fundamentals.
Source: AMBCrypto