Technical Analysis For Ray (Raydium) #ray

The price of Raydium (RAY) is $0.247, with a circulating supply of 209001997.295353 and a max supply of 555000000. According to the latest news, RAY prices shot up 30% two weeks ago before plunging. However, the current sentiment is neutral.

- Raydium is currently in a downtrend, as it has been trading below its 50-day moving average for some time now.

- The Relative Strength Index (RSI) is currently at 39, which is close to the oversold territory. This could indicate that the price may be due for a potential bounce.

- The Moving Average Convergence Divergence (MACD) indicator is currently showing a bearish trend, with the signal line below the MACD line.

Overall, the technical analysis for Raydium suggests a bearish trend. However, it's important to conduct your own research!