Markets· ★★· bearish·

Raydium (RAY) drops 4.64% to $2 after 156% monthly rally

  • —RAY fell 4.64% to $2.0 after a 156.86% gain over 30 days
  • —Trading volume is 20.04% below the 30-day average
  • —RSI at 68.4 is near overbought but shows no reversal signal
  • —Price holds above the 200-day SMA at $0.78, macro uptrend intact
Why it matters: The pullback looks like profit-taking: as long as $1.98 support holds, RAY's bullish structure remains in place.
Source: DiarioBitcoin