Altcoins News
By Sakamoto Nashi
1 / 7
Raydium (RAY) has recently experienced significant selling pressure, causing a steep decline in its price due to market uncertainty and negative sentiment. The token has seen a 21.
2 / 7
The recent drop in RAY’s price can largely be attributed to a rise in market fear, uncertainty, and doubt (FUD), which has led to panic selling among traders.
3 / 7
On the technical side, Raydium has been facing a bearish breakdown. After falling below the $4.
4 / 7
The increase in selling pressure has also led to a decline in Raydium’s on-chain metrics. For instance, its Open Interest has dropped by 33.
5 / 7
Furthermore, Raydium’s Total Value Locked (TVL) has seen a steady decline, falling to $1.213 billion as of the most recent data.
6 / 7
Despite the current negative sentiment, there are still some signs of potential recovery if buyers step in to defend critical support levels. At present, the $2.
7 / 7
In conclusion, Raydium’s market outlook remains uncertain as the token faces significant bearish momentum.
The Currency Analytics
Want the full story?