Raydium (RAY) is poised for a potential bullish reversal as technical indicators suggest a buy opportunity. The TD Sequential indicator has signaled a buy on higher timeframes, with the token consolidating around $1.80. Key resistance levels are identified between $2.00 and $2.30.
Raydium's Q3 performance underscores its strong fundamentals, reporting $24.3 million in revenue, marking a 69% increase from the previous quarter, and achieving a trading volume of $51.9 billion. Analysts indicate that a confirmed close above $2.00 could trigger a significant rebound, while a decline below $1.70 might lead to further losses.
Raydium (RAY) Targets $2.00 Resistance Amid Bullish Signals
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