RAY Bulls: $4 or Bust? 🐂💥

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Key Takeaways (Because You Probably Can’t Be Bothered to Read the Whole Thing)

Oh, look, the TVL is up! Because nothing says “trust” like a bunch of crypto enthusiasts throwing money at a protocol like it’s a magical mystery tour. A $4 breakout? More like a “will this ever end?” breakout. 🤯

Raydium [RAY] was trending higher in recent weeks. Over the past 24 hours, it has gained 8.18%, and 15.56% over the past week, measured at the time of writing. Because nothing says “stability” like a token that jumps around like a caffeinated squirrel. 🐿️💰

The Raydium token has shown strength relative to Bitcoin [BTC] and Ethereum [ETH]. Because if it can’t outperform the big boys, what’s the point? 🤷‍♂️

Since May, the Total Value Locked (TVL) has been trending higher. July and early August saw heightened revenue, likely from increased trading activity. Over the past two weeks, the revenue has dropped. Because nothing says “sustainability” like a rollercoaster that suddenly decides to take a nap. 🎢😴

The increasing TVL appeared to be an encouraging factor for long-term RAY bulls. It implied increased liquidity in the protocol and greater trust from users as it attracts more capital. Or, as I like to call it, “the financial equivalent of a toddler demanding more snacks.” 🍫

However, the TVL of a DeFi protocol will increase due to the rising value of the asset locked, even without new deposits. Because if you can’t trust the numbers, what can you trust? 🤔

The Solana [SOL] uptrend from $120 in mid-April to $211, at the time of writing, helped explain the increasing Raydium TVL. Because if Solana is having a party, Raydium is the guest who insists on bringing a plus-one. 🎉

What is in store for RAY prices next? (Spoiler: Probably Not a Nap)

The relative strength of RAY against BTC or ETH was an immediately visible positive for short-term bulls. The 1-day price chart showed that the market structure saw a bullish break earlier in August. Because nothing says “bullish” like a token that thinks it’s the star of its own movie. 🎬

This came following the move past the local high at $3.43. Since then, the price has oscillated about this level in a consolidation phase. Because if you can’t decide whether to go up or down, just pretend you’re a pendulum. ⏳

At press time, the OBV was steadily rising to show buying pressure. The RSI was above neutral 50, reflecting that momentum was on the buyers’ side. Or, as I like to call it, “the market’s version of a toddler having a tantrum.” 😤

The 4-hour chart showed that RAY was trading within a range that reached from $3.11 to $4. In recent hours, the token saw a rejection at the range high and might retrace to the mid-range support at $3.55. Because nothing says “excitement” like a token that’s stuck in a loop. 🔄

Neither the OBV nor the RSI displayed a bearish divergence on the 4-hour chart. Traders should expect the range to continue until it is broken and $4 is flipped to support. Because if it’s not broken, why fix it? 🧰

Going long now in anticipation of a Raydium breakout might be risky. Or as I like to say, “investing is just a fancy way of hoping the universe is on your side.” 🙏

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2025-08-29 00:46