Raydium Price Analysis: A Hidden Bullish Divergence At A Crucial Support Hints At An Upcoming Rally In The RAY Token

Published by
Raydium Price Analysis: A Hidden Bullish Divergence At A Crucial Support Hints At An Upcoming Rally In The RAY Token 

For more than two months, the RAY token price retested the crucial support of $9.1 multiple times, indicating the presence of intense demand pressure below this level. As for now, the token price is again trying to bounce back from this bottom level, and this time with the help of bullish divergence in RSI, will the RAY token initiate a significant rally from here?

Key technical points:

  • The RAY token price trying to reclaim the 50-day EMA
  • The daily RSI chart indicates a bullish divergence for RAY price
  • The intraday trading volume in the RAY token is $146.7 Million, indicating an 86.5% loss.

Source- RAY/USD chart by Tradingview

Since the sudden fall in September, the RAY token price was wavering around the support level of $9.1. This is an important support level for the bulls, and all the attempts of sellers trying to drop the price lower were stopped by this level.

After the recent support the price took from this bottom level, the Relative Strength Index(51) displayed a bullish divergence in its chart, suggesting the market buyers are growing in strength.

Furthermore, the ZIL token price is currently trading at $10.5 and is 18% up from this bottom support level. The price is currently trying to cross above the 50 EMA line, which should provide even more confirmation for the traders. 

RAY/USD 4-hour Time Frame Chart

Source- RAY/USD chart by Tradingview

The technical chart of the RAY token indicated a double bottom pattern in the 4hr time frame chart. The token price is currently at the doorstep of the $10.5 neckline of this pattern, and a breakout from this resistance should provide a great long opportunity for crypto traders.

According to traditional pivot levels, the crypto traders can expect the next resistance at $10.68, followed by $11.36. As for the opposite end, the support levels are $9.8 and $9.1.

 

Advertisement

Share
Brian Bollinger

From the past 5 years I am working in Journalism. I follow the Blockchain & Cryptocurrency from last 3 years. I have written on a variety of different topics including fashion, beauty, entertainment, and finance. Reach out to me at brian (at) coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Trump Tariffs: Secretary Bessent Declares ‘Fantastic’ Trump–Xi Talks, Bitcoin Breaks $113,000

Bitcoin (BTC) has climbed above $113,000 as optimism grew ahead of President Donald Trump’s meeting…

October 26, 2025
  • News

Will Bitcoin Rally as JPMorgan Tips Fed To End QT at FOMC Meeting?

Bitcoin traders are turning their attention to this week’s Federal Open Market Committee (FOMC) meeting.…

October 26, 2025
  • News

White House Crypto Czar Backs Michael Selig as ‘Excellent Choice’ To Lead CFTC

White House crypto czar David Sacks has shown his support for Donald Trump's nomination of…

October 25, 2025
  • News

Ripple Explores New XRP Use Cases as Brad Garlinghouse Reaffirms Token’s ‘Central’ Role

Crypto firm Ripple has revealed that it is exploring new ways to use XRP within…

October 25, 2025
  • News

Kyrgyzstan Adds Binance Coin (BNB) to National Crypto Reserve, CZ Confirms

Kyrgyzstan has made a significant move in the adoption of digital finance. It has now…

October 25, 2025
  • News

Ripple-Backed Evernorth Grows XRP Treasury to $1B Ahead of Nasdaq Listing

Ripple-backed Evernorth's XRP treasury has grown to $1 billion just days after the company announced…

October 25, 2025