Raydium (RAY) Jumps 6% to $2.04 as Bitcoin Short Squeeze Lifts Solana DeFi
- —RAY trades near $2.03, up 6% on the session
- —Daily volume of $121.6M is 49% above the 30-day average
- —RSI at 74.8 and stochastic at 99.7 signal extreme overbought conditions
- —RAY is up 150.66% in 30 days but still 87.95% below its $16.91 ATH
Why it matters: RAY's rally shows rising demand for Solana DeFi tokens during a market-wide short squeeze, though overbought readings raise correction risk.
Source: DiarioBitcoin