Raydium Explodes 96% as Buybacks and Tokenized Stocks Fuel Rally
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5 Articles
Raydium’s token RAY, Solana’s main decentralized exchange (DEX), fell 11.16% to $1.52 after a 146% escalation in a month. Movement does not dry up: the volume of trading was 119% above the average of the last 30 days, according to market data collected by DiarioBitcoin. The decline interrupts a vertical streak that had returned RAY to the center of DeFi radar. Two weeks ago it accumulated a 96% rise, and at that rate the profit making was simply…
Raydium (RAY) recedes 8% in the last 24 hours after a meteoric rally that led it to accumulate a return of almost 148% in 30 days and 97% in 14 days. With an RSI in an area of extreme overpurchase and volume far above average, the market seems to be taking a break. We analyze the catalysts, key technical levels and strategies that investors should consider in the face of this correction.
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Cryptocurrency News | Cryptocurrency Prices | Market CapRaydium Explodes 96% as Buybacks and Tokenized Stocks Fuel Rally
RAY surged 96.5% weekly as tokenized stocks boosted Raydium’s growing Solana ecosystem. Record $640,788 buyback and rising activity strengthened bullish momentum around RAY. RAY remains bullish, but overbought RSI could trigger profit-taking near key resistance levels. Raydium — RAY, has suddenly become one of Solana's strongest performers after a remarkable weekly surge. RAY gained 96.5% over seven days, reaching levels unseen since January. Th…
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