Coin-Miners - Crypto Currency Tracker logo Coin-Miners - Crypto Currency Tracker logo

Cryptoknowmics 2022-07-11 18:23:30

Raydium Technical Analysis: RAY Buy Trigger At $0.83

Raydium prices are down six percent in the last trading day, trailing the USDT. Still, buyers stand a chance provided RAY crypto is above $0.70. Past Performance of Raydium Syncing with the rest of the crypto markets, the Raydium crypto price is down. From the daily chart, the coin is down three percent versus the USDT, pulling back from recent highs. Nonetheless, the RAY coin is still within a bullish breakout formation above the middle BB. If prices are above critical support levels, the uptrend might resume. Raydium Technical Analysis Raydium token bulls are firmly in charge. Even though there are signs of weakness and bears reversing the gains of July 9, the uptrend is valid. In the short term, the primary support is at the middle BB (the dynamic support line) and $0.70. Therefore, traders may load on every pullback, targeting last week’s highs at $0.83 and later $1.05 if bulls press on. Conversely, RAY crypto may tank towards 2022 lows if prices drop below the middle BB with rising trading volumes. In that case, the coin may drop to $0.60 in a bear continuation formation. What to Expect from RAY? From the RAY technical analysis, buyers still have a chance. However, the reversal of July 9 gains may slow down optimistic bulls in the short term. Thus far, the immediate support is $0.70. For the uptrend to be valid, prices must hold above this level.The post Raydium Technical Analysis: RAY Buy Trigger At $0.83 appeared first on Cryptoknowmics-Crypto News and Media Platform.

freebitcoin
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.