Raydium hits 3-month high – Is RAY’s $4 target within reach?

Key Disruption

Raydium, volume’s flight, the activity of the raydic, and the whale value has fed a 3-month price but the range that conceives profit pressure.

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Since dipping $ 2.44 on August 2, Raydium [RAY] has climbed into an upward channel.

The Rally piolated to $ 3.58 on August 9 before $ 3.477 for the picture time – its highest level in three months.

On the 24-Hourne Trading’s night volume 424% to $ 322.66 million the market wavy market.

Raydium’s July by the numbers

According to Only sensesA solane og, raydium delivered strong the july finds in spite of what you see as unending.

The protocol has been treated $ 40.1 billion – a monthly volume – a 71% increase – and generated 18.33 million $ 18.33 in entering 137%.

Also, the team is demonstrate 3.45 million radius of approximately $ 9.5 million, push total purchases to $ 197 million date.

Similar, anal allen notified that raydiu has annual rose of the raydium 91.6% 85.35 million, while annual fees collected 54% to $ 468.63 million last month Data. I am

Whales are active in place markets

Network morbes naturally, strong have coincide with heavy whale activities. The medium wire data data of cryptants showed transactions consistently in the past month.

This trend has been equated in the aggregate trade, with $ 5.28 million in purchasing 4.25 million in selling /04 million of 1,04.

Such anchreams often preceded more price appreciation.

Emerging to profit to local high

While planned, as Raydiu has broken, investors that had kept subacqueu to cash out.

According to the coinglass, the Raydium Surged Chaydium to reach a high of 7 $ 3,63 million.

Usually, a positive netflow means more tokens inserts the left exchanges, a clear sign of aggressive. Historically, increased deposits of deposits preceded the lowest prices due to intense pressure.

The momentum indicators are always bullish bullish

According to the ambcrypt, Know, the ray, as buyers have returned to the place market to accumulate.

Therefore, the positive index index index (DMI) direction (DMI) sorsezed to 39.4, while -y has cut to 22.

At the same time, their vigor’s index relative (RVI) has made a bully a bully, hit 0.0251.

Of course that momentum in the moment is in such a way, signal a strong ascending moment and their continuation potential.

Then, if buyers, especially whales, keep their positions, Ray could deliver $ 3.70 the test resistance to $ 4.10. Reverse, if profit accelerates, a retrace toward $ 2,84 remains on the table.