Close Menu
AsiaTokenFundAsiaTokenFund
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
What's Hot

Bitcoin Search Drops To 6-Month Low Despite Recent Rally Above $105k

May 15, 2025

Coinbase Faces $400 Million Blow After Cyberattack Fallout

May 15, 2025

Top Rival Crypto to Solana (SOL) to Buy and Hold to Zoom Your Portfolio 15200% in 3 or 4 Months

May 15, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) YouTube LinkedIn
AsiaTokenFundAsiaTokenFund
ATF Capital
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
AsiaTokenFundAsiaTokenFund

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

0
By Aggregated - see source on May 15, 2025 Altcoin
Share
Facebook Twitter LinkedIn Pinterest Email
  • 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?

Raydium 1-day Chart

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.

Raydium 4-hour ChartRaydium 4-hour Chart

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.

Raydium CoinalyzeRaydium Coinalyze

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

Next: Chainlink sets stage for 35% gain – Unless THIS one level fails

Credit: Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Search Drops To 6-Month Low Despite Recent Rally Above $105k

May 15, 2025

Coinbase Faces $400 Million Blow After Cyberattack Fallout

May 15, 2025

Top Rival Crypto to Solana (SOL) to Buy and Hold to Zoom Your Portfolio 15200% in 3 or 4 Months

May 15, 2025
Leave A Reply Cancel Reply

What's New Here!

Bitcoin Search Drops To 6-Month Low Despite Recent Rally Above $105k

May 15, 2025

Coinbase Faces $400 Million Blow After Cyberattack Fallout

May 15, 2025

Top Rival Crypto to Solana (SOL) to Buy and Hold to Zoom Your Portfolio 15200% in 3 or 4 Months

May 15, 2025

Coinbase Confirms Breach, Refuses to Pay Up

May 15, 2025
AsiaTokenFund
Facebook X (Twitter) LinkedIn YouTube
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
© 2025 asiatokenfund.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.