One Cryptocurrency Sustaining Above the Support Levels- Raydium (RAY)

Crypto Market Round-Up

Typically, cryptocurrencies are termed as digital currencies and use blockchain technology to record every transaction. Raydium (RAY) is an automated market maker (AMM) and liquidity provider built on the Solana blockchain. It plays a key role in the decentralized finance (DeFi) ecosystem of Solana by enabling fast, low-cost trading and liquidity provision. RAY has a market capitalization of ~USD 633.35 million (as per TradingView as of June 19, 2025).

For the week ending June 13, 2025, the S&P Cryptocurrency Broad Digital Market (BDM) Index posted a modest gain, rising 29.32 points or about 0.52% to close at 5,630.39. The index started the week with positive momentum and maintained a gentle upward trajectory, reflecting cautious optimism among investors. However, as the new trading week began on June 16, the index showed early signs of correction. This pullback coincided with a broadly negative tone across the cryptocurrency market, driven by weak performances from major digital assets, including Bitcoin and Ethereum.

Having understood the S&P Cryptocurrency BDM Index movement over the last week and the scenario for the upcoming week, one crypto that seems ‘Bullish’ at the current level appears to be Raydium (RAY) based on the below technical parameters: -

Raydium (RAY):

Noted below are the generic insights, indicative entry price, support levels, and resistance for the next 1-2 weeks duration for the RAY:

Entry level and Resistance Levels as mentioned herein are only indicative in nature as per trend analysis and further evaluation is required when looking at cryptocurrency under discussion.

Note: The reference Information in this report has been sourced from TradingView.

RAY Technical Analysis Summary (On the Daily Chart):

RAY is currently trading above a key rising trendline support at $1.976, a level that previously acted as a significant support zone. This area continues to provide upward pressure, reinforcing the bullish bias and highlighting the potential for further gains, particularly given its influence in recent price action. The 14-period Relative Strength Index (RSI) is at 44.66, indicating positive momentum and suggesting underlying strength in the recent upward movement. Additionally, RAY remains above its 21-period Simple Moving Average (SMA), which is serving as dynamic support, further supporting the bullish outlook.

The MACD histogram continues to hold above the centerline, signalling persistent bullish momentum and supporting the positive bias in the current trend. Additionally, the price remains above the Parabolic SAR, providing an extra layer of dynamic support. Now the next resistance level appears to be at USD 2.550, and prices may test this level in the coming sessions (1-2 weeks).

Noted below are the illustrative points as key positives and risks when looking at Raydium (RAY) in the cryptocurrency space:-

Illustrative points as Positives:

• Dual liquidity benefits: Liquidity providers on Raydium have their assets utilized both in AMM pools and Serum’s order book, maximizing their earning potential.
• User-friendly interface and features: Raydium offers an intuitive UI with advanced trading tools, including charts, limit orders, and yield farming options.

Illustrative points as Risks:

• Exposure to Solana network risks: Raydium relies entirely on Solana. Solana’s past network outages and congestion issues (due to spam or validator problems) can impact Raydium’s availability and performance.
• Competition: Faces increasing competition from other Solana-based DEXs (Orca, Saber, Lifinity) and cross-chain AMMs that can attract liquidity away.

Conclusion:

Based on the above-mentioned price action analysis and technical indicators outlook, Raydium (RAY) may witness movement in the upside direction. The trend looks to be in an interesting space and the currency looks ‘Bullish’ given the current price of USD 2.243 as on June 19, 2025, at 9:30 AM, (GMT+1) Time in London, UK. However, volatility in the price should be borne in mind when looking at further evaluation for investment scenarios. Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while making investment decisions.

Related Risks: Based on the technical analysis, the risks are defined as per risk-reward ratio (~0.80:1.00), however, returns are generated within 1-2 weeks’ time frame. This report may be looked at from high-risk perspective and recommendations are provided are for a short duration. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the cryptocurrency has not been considered in the decision-making process. Other factors which could impact the cryptocurrency prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.

Note 1: Trend Indications

Bullish Trend is generally used in information services and financial reporting as a trend typified with an upward momentum in prices based on the market sentiments, overall price action, and technical analysis. Typically, Resistance Levels or Indicative Stop loss levels need to be evaluated for exit triggers. 

Bearish Trend is generally used in information services and financial reporting as a trend typified with a downward movement in prices based on the market sentiments, overall price action, and technical analysis. Typically, Support Levels or Indicative Stop loss levels need to be evaluated for exit triggers.

When we identify trends as ‘Bullish’ or ‘Bearish’ it is based on a technical analysis of the available data as we understand it and is not, and should not be considered as, either advice or a recommendation to buy, sell or hold the relevant cryptoassets.

Kalkine reports are prepared based on the crypto prices captured from either REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect crypto prices with a delay which could be a lag of 25-30 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’

Note 2: How to Read the Chart?

The Green colour line reflects the 21-period simple moving average (SMA) while the red line indicates the 50-period SMA. SMA helps to identify existing price trends and if the prices trade above the 21-period and 50-period SMA, then in general it shows an uptrend trend.

The Black colour line in the chart’s lower segment is a 14-period Relative Strength Index (RSI) which indicates momentum in trend. A reading of 70 or above suggests overbought status, while a reading of 30 or below suggests an oversold status.

The Blue colour bars in the chart’s lower segment show the volume of the Cryptocurrency. The volume is the quantity that changed hands during the given period. Cryptocurrencies with high volumes are more liquid compared to lesser once and higher volumes help in easier and faster execution of the order.

The Orange colour lines are the trend lines drawn by connecting two or more price points and used for trend identification purposes. The trend line also acts as a line of support and resistance.

Technical Indicators Defined: -

Support: A level at which the Cryptocurrency prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the Cryptocurrency and if the price breaches the level, then Support 2 may act as the crucial support level for the Cryptocurrency.

Resistance: A level at which the Cryptocurrency prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the Cryptocurrency and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the Cryptocurrency.

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the Cryptocurrency prices.

A trailing stop-loss is a modification of stop-loss in case of favourable movement in the price to protect the gains. It is suggested to Trail the Stop-Loss as per the aforementioned levels if the Cryptocurrency price achieves more than 60% of the Resistance 1. individuals, in general, might consider exiting from the position as per the Trailing Stop-Loss level if the price starts moving downwards after achieving more than 60% of Resistance 1. However, these indications need further evaluation basis associated risks and any change in trends.

The reference date for all price data, currency, technical indicators, support, and resistance levels is June 19, 2025 at 9:30 AM, (GMT+1) Time in London, UK.  The S&P Cryptocurrency BDM Index in this report has been sourced from REFINITIV.

Abbreviations

CMP: Current Market Price

SMA: Simple Moving Average

RSI: Relative Strength Index

USD: United States dollar

Note: This publication is for informational purposes only based on technical analysis and does not reflect the fundamental validity of the cryptoasset. It in no way constitutes investment advice or a recommendation to buy, sell or hold financial instruments. Trading decisions require a thorough analysis by investors taking account of a range of factors, including in relation to cryptoassets in themselves, general market trends and an investor’s own ability and appetite to take risks and bear losses. Past performance is neither an indicator nor a guarantee of future performance.

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