Raydium (RAY) Price Prediction for August 11

RAY price today is trading at $3.3287 after a sharp rally from last week’s low near $2.56. The move has brought price to the upper boundary of a long-term descending triangle pattern visible on the daily chart, with immediate resistance between $3.40 and $3.58. The rally has also carried price above the 0.236 Fibonacci retracement on the weekly chart at $2.9244, shifting the higher timeframe bias in favor of buyers. The next 24 hours will hinge on whether bulls can sustain momentum through $3.40 and challenge the $3.858 Fibonacci 0.382 level. What’s Happening With Raydium’s Price RAY price dynamics (Source: TradingView) On the daily timeframe, RAY has rebounded aggressively from the $2.56 low and is now testing the descending trendline that has capped rallies since April. The Chande Momentum Oscillator reads 58.50, confirming strong upward momentum. RAY price dynamics (Source: TradingView) The weekly Fibonacci structure shows RAY above the 0.236 retracement at $2.9244, with the 0.382 retracement at $3.858 as the next major upside level. Clearing $3.858 would expose the 0.5 retracement at $4.6130. Why Is The Raydium Price Going Up Today RAY price … The post Raydium (RAY) Price Prediction for August 11 appeared first on Coin Edition .

Source: Coin Edition