Ray’s outlook appears extremely bearish on the daily chart following a major collapse in the past weeks. Testing a five-month low this week, it currently in a consolidation mode as it decides on where to head next.  Following a significant breakdown from a head-and-shoulder pattern on the daily chart, Ray witnessed its biggest loss (in late February) since the start of the drop and retraced slightly to $3.1 after a three-day calm. Releasing more pressure from this retracement level last week, the price collapsed again and closed last week’s trading well below the $2 level. Volatility increased this week and

The post RAYDIUM PRICE ANALYSIS & PREDICTION (March 17) – Ray Enters Oversold After Major Crash, Consolidating Next Move appeared first on The Merkle News.

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The token linked to the Raydium protocol, $RAY, is no different in this regard. In the recent past, it has seen significant downturns, with a 30% drop closely following the announcement from Pumpdotfun that they had created an AMM. The fall, of course, got “some whales” like DMBZ2…XvQvD feeling quite uneasy. We have no way of knowing for sure, but this isn’t a great look for the market when “whaling” as part of the DeFi ecosystem entails having to take significant losses just to maintain a position of any consequence. Uncertainty plagues the $RAY token’s future. Whale Reduces Position in

The post $RAY Token Takes a Hit: Whale Sells Off Holdings Amidst Uncertainty Over New AMM Launch appeared first on The Merkle News.

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Hedge fund manager and former Bitcoin critic Ray Dalio is ending the year with a positive stance on cryptocurrencies.

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