Raydium Nears Resistance After 60% Surge
Key Takeaways
Raydium (RAY), a decentralized finance (DeFi) provider on the Solana blockchain, continues to show strength despite technical warning signals. Since March, the token has gained over 60%. It is currently trading near a key resistance zone at USD 2.30. Technical indicators and liquidation data suggest a balanced but fragile market environment.
Technical Warning Signals at USD 2.30
RAY’s price has seen a strong recovery in recent weeks and is now approaching a critical resistance level at USD 2.30. This zone has been rejected multiple times in the past. At the same time, a TD Sequential Sell Signal has appeared on the daily chart – a technical indicator that suggests a potential trend reversal. This combination of resistance and sell signal could lead to a short-term correction.
Funding Rate Indicates Disciplined Long Positions
The funding rate – a measure of market sentiment for leveraged positions – currently stands at 0.0054%. This points to a slightly bullish, but not overheated, market sentiment. Traders are betting on rising prices, but with low leverage. This caution reflects disciplined risk management. Such positioning tends to be more sustainable, as it is less prone to sudden liquidations.
Liquidation Zones as a Risk Indicator
A look at the liquidation map reveals a high concentration of long liquidations between USD 2.04 and USD 2.16. If the price drops into this range, many positions could be forcibly closed – increasing downward pressure. On the upside, there are fewer short liquidations above USD 2.32. This means that a breakout to the upside could face less resistance than a downward move.
Market Data: Activity Rises, Speculation Remains Limited
Open interest – the total capital in open derivatives positions – is currently at USD 16.48 million. At the same time, trading volume stands at USD 37.8 million. This combination shows that more capital is flowing into the market, but not in the form of highly speculative leveraged bets. Traders are favouring spot purchases or low-risk positions. This indicates a healthy market behaviour.
Key Price Levels Going Forward
From a technical perspective, RAY has nearly reached the upper boundary of a prolonged accumulation phase at USD 2.51. The token is currently trading at USD 2.27. To confirm the uptrend, the price first needs to hold the support at USD 2.16 and then break through the USD 2.51 level. Only then would the path be clear toward the next major resistance at USD 4.50 – a level that previously triggered a reversal.
You should read that too:
-
Asian Slots – The Best Asia-Themed Online Slot GamesReading time: ~ 3 minutes
-
Wild West Slots – The Best Slots With a Western Theme
Reading time: ~ 3 minutes
-
Low Volatility Slots
Reading time: ~ 3 minutes
-
Medium Volatility Slots
Reading time: ~ 3 minutes
-
Best Cluster Pay Slots & Casinos 2025
Reading time: ~ 3 minutes
Our Assessment
RAY is currently showing stable but vulnerable price behaviour. The technical picture is mixed: on one hand, rising volume, disciplined long positions, and a clear market structure point to further potential. On the other hand, the TD Sequential Sell Signal calls for caution. As long as the USD 2.16 support holds and a breakout above USD 2.51 is achieved, the uptrend remains intact. However, a drop below the support zone could trigger a correction.
Sources
- CoinGlass
- TradingView
| Wagering requirements | 35x bonus |
| 35x free spins winnings | |
| Minimum deposit | €20 |
| Maximum bet | €5 |
| Bonus validity | 30 days to claim |
| 14 days to wager / 7 days for free spins |
- There is no maximum bonus amount.
- 10 Free Spins per day over ten (10) days on Gates of Olympus or Book of Ra Deluxe.
| Wagering requirements | 40x bonus |
| 40x free spins winnings | |
| Minimum deposit | 0.0005 BTC |
| Maximum bet | 0.00004 BTC |
| Bonus validity | 30 days after registration |
| 14 days (1st), 7 days (2nd), 1 day (3rd) |
- To get the bonus, enter the bonus code before the deposit.
- Minimum deposit: 0,07 BCH • 0,4 LTC • 233 DOG • 45 XRP • 0,01 ETH • 20 USDT • 69 ADA • 0,05 BNB • 184 TRX • 20 USDC.
- Maximum bet: 0.007 BCH • 0.0009 ETH • 0.04 LTC • 23 DOGE • 2 USDT • 4 XRP • 18 TRX • 7 ADA • 0.005 BNB • 2 USDC • 2 EUR • 2 USD.
- Free spins are provided in batches of 25 per day.
- Free spins are credited on the Gamebeat slots: Max Miner (1st), Book of Elixir (2nd) and Odin’s Tree (3rd).
| 1st deposit | 120% up to $500 + 100 Free Spins |
| 2nd deposit | 100% up to $300 + 100 Free Spins |
| 3rd deposit | 150% up to $500 + 100 Free Spins |
| 4th deposit | 100% up to $300 + 100 Free Spins |
| Wagering requirements | 45x deposit + bonus |
| 40x free spins winnings | |
| Minimum deposit | $10 (1st) |
| $15 (2nd-4th) | |
| Maximum bet | $5 per round |
| Bonus validity | 30 days to claim, 7 days (1st-4th) |
| 7 days for free spins |
- You must complete the registration and verification process, including a valid email or phone number, to qualify for this bonus.
- You must select the desired bonus during the deposit process.
- There is a maximum withdrawal limit of $10 from winnings derived from free spins.
Advertising transparency