Key Market Indicators for RAY
- •RAY trades near $1.83 after a 2.68% pullback, yet volume and structure indicate stable liquidity and continued market confidence.
- •Technical setup identifies Fair Value Gap (FVG) reclaim at $1.844 with liquidity targets at $1.958 and $2.188.
- •The $1.81–$1.83 range acts as a strong support area confirming possible continuation within the current bullish structure.
Raydium (RAY) still enjoys a consistent technical framework since the market is indicated to consolidate around the price of $1.83. Although it has slightly deteriorated in the last 24 hours, on-chain fundamentals and liquidity indicators show consistent investor activity and continuation of the bullish trend.
Technical Structure Supports Bullish Bias
Recent technical analysis reveals that RAY’s 4-hour chart presents a clear Fair Value Gap (FVG) claim at $1.844, combined with a decisive Market Structure Shift (MSS). This formation signals renewed buying interest and a potential continuation of the bullish structure. The setup remains valid while the price stays above the $1.664 invalidation level, keeping risk parameters defined.
The entry near $1.844 represents a transition point where institutional accumulation is likely to have occurred, confirming internal range strength. Buyside liquidity levels have been identified at $1.958 and $2.188, marking target zones where buy-side orders are expected to cluster. The expected 6–18% move positions these levels as key short-term objectives for traders monitoring RAY’s next breakout phase.
A break above the reclaimed FVG could validate bullish continuation, while a sustained hold reinforces the structure’s stability. The technical alignment of an MSS and internal range recovery suggests that momentum buyers remain active. With liquidity compression easing, the probability of upward expansion increases once confirmation triggers above current resistance.
Market Data Reflects Active Participation
According to market statistics, RAY is trading at $1.83, a 2.68% decrease from yesterday. The market cap stands at $492.63 million, supported by an FDV and free market cap of $1.01 billion. The virtually flawless correlation between these statistics indicates that nearly all the floating tokens are free, reducing the threats of dilution and ensuring long-term token stability.
Trading continues to be active, with 24-hour volume of $36.9 million, an increase of 16.89%. The volume-to-market cap ratio of 7.53% provides active liquidity, which is a requirement for short-term reversals as well as effective execution of trades. With over 252,410 holders, Raydium continues to demonstrate decentralized participation, contributing to balanced market behavior even amid minor retracements.
The Total Value Locked (TVL) of $2.15 billion further supports the project’s on-chain strength. A market cap-to-TVL ratio of 0.2276 places RAY within an undervalued category compared to its DeFi peers. This portrays the reliability of liquidity providers in the network interactions and strengthens the viability of the token within the entire Solana system.
Price Behavior and Support Dynamics
The 24-hour chart indicates that RAY is moving within the range of $1.875 and 1.83, creating a narrow range of consolidation. This is a guided action that indicates that traders are buying back the short-term selling pressure and protecting the $1.81 support zone. This structure is referred to as a “Bullish Continuation Setup,” noting that RAY’s price action confirms momentum recovery from this base level.
The $1.81–$1.83 range remains a critical demand area, aligning with previous internal liquidity zones. Sustained holding above this level strengthens the probability of recovery toward $1.90 and eventually the buyside liquidity zones at $1.95 and $2.18.
Overall, while short-term price weakness persists, Raydium’s market composition shows organized liquidity flow and firm structural integrity. Rising trading volume, steady on-chain engagement, and clearly defined technical zones suggest that RAY is consolidating ahead of its next potential upward expansion. The price behavior currently aligns with a controlled bullish continuation pattern supported by disciplined accumulation and volume confirmation.