RAY Faces Critical Test at $2 as Traders Eye a Breakout to $2.5

RAY fell 13%, losing $2.5 as spot selling pressure intensified. Derivatives activity stayed strong, with futures inflows and volume rising sharply. Holding $2 could support recovery; losing support may trigger a drop Raydium has entered a crucial phase after a sharp market pullback erased recent slipped toward a major support zone near $2. Traders are now closely watching whether buyers can defend this area. While spot investors appear to be reducing exposure, activity in the derivatives market tells a different story. That contrast has created uncertainty and raised fresh questions about RAY's next move.

Source: CryptoNewsLand