1
A decline in social dominance indicates waning user interest, which could negatively affect the RAY price.
2
Technical indicators like a bearish MACD crossover and a declining RSI suggest a loss of momentum.
The Raydium (RAY) crypto market dynamics are currently contested, with both buyers and sellers vying for control. Initially, the price trajectory was positive, climbing from a low of $0.3500, overcoming several resistance levels at $1.5000 and $2.3500, and peaking near $3.3000.
Subsequently, Raydium (RAY) crypto asset’s value began to retract from its peak, signaling a potentially significant downturn. The asset’s trend is showing signs of bearishness, as it has dipped below the 20-day EMA and is on track to intersect the 50-day EMA from above, suggesting that further declines could be imminent if selling pressure persists.
Technical indicators reinforce this bearish outlook, with the MACD registering a decisive bearish crossover a
We współpracy z: https://www.thecoinrepublic.com/2024/03/29/ray-crypto-price-shows-sellers-surge-can-it-break-support/
