RAY Price Climbs 20% Off Its Low as Stocks Overtake Memes

The RAY price has rebounded sharply and now sits at a resistance zone that capped it during the late-October slide. Tokenized stocks generated more of Raydium’s swap revenue than memecoins for a third straight month. The death cross on the four-hour chart remains in place despite the rally. Momentum readings suggest the move is stretched in the short term. The RAY price has gained roughly 20% from Wednesday’s low of $1.48 and traded near $1.79 on Thursday morning, putting Raydium’s token directly against the $1.78 area where the 200-period exponential moving average (EMA) meets the midpoint of its late-October decline.

Source: Crypto News Flash