Raydium – Why $2 could decide RAY’s next move toward $2.5 or THIS
Photo: AMBCrypto
As the broader market retraced, Raydium [RAY] lost the $2.5 level and dropped to $2.0. As of this writing, RAY traded near $2.15, down 13% on the daily chart. At the same time, trading volume rose 35%, pointing to heavier risk reduction across the market. The pullback opened a sharper question for traders. Was spot selling setting the trend, or were derivatives traders preparing for a rebound? Are spot sellers controlling Raydium? Raydium [RAY] declined as spot holders panicked and cashed out. On the 12th of October, Spot Netflow dropped sharply to -$1.3 million.
Source: AMBCrypto
