RAY Price Surges 9.5% Following Upbit Listing Announcement
Raydium (#RAY) experienced a 9.5% price increase following the announcement from South Korea's largest exchange, Upbit, regarding trading support for RAY starting today. Key points include:
- Trading pairs: KRW and USDT
- Price surged over 25% to $2.62 after listing news, currently around $2.28
- Market cap increased by nearly $60 million, ranking RAY 99th with a $607 million cap
- 24-hour trading volume spiked 500% to $371 million
- A whale deposited 906,788 RAY (valued at $2.26 million) into Binance, indicating potential profit-taking
The technical outlook suggests cautious bullish momentum with the MACD line crossing above the signal line. However, the current price action indicates indecision, with key resistance at $2.56 and support at $1.93.
Analyst predictions suggest that strong buying volume could lead RAY to test resistance at $3.42, with a long-term target of $7.27.