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Raydium is Trading -24.38% Below Our Price Prediction for Nov 19, 2024

Raydium is Trading -24.38% Below Our Price Prediction for Nov 19, 2024


| CoinCodex

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

  • Raydium is down -6.15% today against the US Dollar
  • RAY/BTC decreased by -5.40% today
  • RAY/ETH decreased by -4.91% today
  • Raydium is currently trading 24.38% below our prediction on Nov 19, 2024
  • Raydium gained 125.77% in the last month and is up 970.11% since 1 year ago
Raydium price $ 4.68
Raydium prediction $ 6.19 (30.48%)
Sentiment Bullish
Fear & Greed index 88 (Extreme Greed)
Key support levels $ 4.33, $ 3.66, $ 3.28
Key resistance levels $ 5.37, $ 5.75, $ 6.41

RAY price is expected to rise by 30.48% in the next 5 days according to our Raydium price prediction

is trading at $ 4.68 after losing -6.15% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 1.76% in the same time period. RAY performed poorly against BTC today and recorded a -5.40% loss against the world’s largest cryptocurrency.

According to our Raydium price prediction, RAY is expected to reach a price of $ 6.19 by Nov 19, 2024. This would represent a 30.48% price increase for RAY in the next 5 days.

RAY Price Prediction Chart

Buy/Sell Raydium

What has been going on with Raydium in the last 30 days

Raydium has been displaying a positive trend recently, as the coin gained 125.77% in the last 30-days. The medium-term trend for Raydium has been bullish, with RAY increasing by 173.39% in the last 3 months. The long-term picture for Raydium has been positive, as RAY is currently displaying a 970.11% 1-year price change. On this day last year, RAY was trading at $ 0.437603.

Raydium reached its all-time high price on Sep 12, 2021, when the price of RAY peaked at $ 16.91. The current RAY cycle high is $ 6.00, while the cycle low is at $ 0.134291. RAY has been displaying high volatility recently – the 1-month volatility of the coin is at 31.98. Raydium recorded 20 green days in the last 30 days.

Raydium technical analysis for today – Nov 14, 2024

The sentiment in the Raydium markets is currently Bullish, and the Fear & Greed index is reading Extreme Greed. The most important support levels to watch are $ 4.33, $ 3.66 and $ 3.28, while $ 5.37, $ 5.75 and $ 6.41 are the key resistance levels.

Bullish sentiment for Raydium

25 indicators are currently signaling a bullish prediction for Raydium, while 3 indicators are showing a bearish forecast. With 89% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Raydium.

Crypto market is currently experiencing Extreme Greed

Currently, the Fear & Greed index is at 88 (Extreme Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Raydium moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Raydium is positioned in the market right now.

Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential
MA3 $ 3.77 (BUY) $ 3.67 (BUY)
MA5 $ 4.43 (BUY) $ 3.20 (BUY)
MA10 $ 4.36 (BUY) $ 2.65 (BUY)
MA21 $ 3.77 (BUY) $ 2.22 (BUY) -$ 2.52 (BUY) $ 2.13 (BUY)
MA50 $ 2.70 (BUY) $ 1.93 (BUY) -$ 3.92 (BUY) $ 1.66 (BUY)
MA100 $ 2.17 (BUY) $ 1.82 (BUY) -$ 2.21 (BUY) $ 1.16 (BUY)
MA200 $ 1.99 (BUY) $ 1.70 (BUY)
Period Value Action
RSI (14) 69.19 SELL
Stoch RSI (14) 46.84 NEUTRAL
Stochastic Fast (14) 66.36 NEUTRAL
Commodity Channel Index (20) 66.67 NEUTRAL
Average Directional Index (14) 62.97 SELL
Awesome Oscillator (5, 34) 1.96 NEUTRAL
Momentum (10) 1.64 NEUTRAL
MACD (12, 26) 0.08 NEUTRAL
Williams Percent Range (14) -33.64 NEUTRAL
Ultimate Oscillator (7, 14, 28) 58.46 NEUTRAL
VWMA (10) 4.88 BUY
Hull Moving Average (9) 5.58 SELL
Ichimoku Cloud B/L (9, 26, 52, 26) 4.05 NEUTRAL

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Raydium is at 69.19, suggesting that RAY is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Raydium over the last 50 days. Currently, Raydium is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the RAY closing price for the last 200 days. RAY is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Raydium prediction

After considering the above factors, we can conclude that the current forecast for Raydium price prediction is Bullish. RAY would have to increase by 30.48% to hit our $ 6.19 target within the next five days. Moving forward, it will be important to monitor the RAY market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Raydium price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.



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