Raydium reaches a height of 3 months – is the goal of Ray 4 dollars within reach? star-news.press/wp

Main meals

The increase in the July number in July in size, revenues and whale has increased the price of 3 months, but the high exchange flows allowed for profit compression.

Since dipping it to $ 2.44 on August 2, Raydium (RAY) ascended into an upward channel.

Its peak peak at $ 3.58 on August 9 before reducing it to $ 3.477 by the time of the press – its highest level in three months.

Over the same week, trading volume over 24 hours increased by 424 % to 322.66 million dollars, indicating an increase in market participation.

July Rydium numbers

according to Solana SenseySolana OG, Raydium achieved strong results in July despite what it considers a lack of value.

The protocol dealt with $ 40.1 billion in monthly size-an increase of 71 % per month-and $ 18.33 million, an increase of 137 % from June.

In addition, the team has restarted 3.45 million Ray at a value of $ 9.5 million, which prompted the total re -purchases to 190 million dollars so far.

Source: Allen on x

Likewise, analyst Allen male Raydium’s annual revenues increased by 91.6 % to 85.35 million dollars, while the annual fees increased by 54 % to 468.63 million dollars during the past month, for each artemis Data.

Whales remain active in immediate markets

Of course, strong network standards coincided with heavy whale activity. SPOKANT medium demand data showed large transactions continuously over the past month.

Source: Cryptoquant

This trend has been frequented in the collected Coinalyze data/sale, with purchases of $ 5.28 million for $ 4.25 million in sales – a positive and sale delta of 1.04 million Ray.

Such imbalances often precede more prices.

Source: Coinalyze

Achieving profits appear in the local highlands

As expected, with the outbreak of Raydium, investors who held underwater returned abroad.

According to Coinglass, Netflow rose the Raydium spot to reach the highest level in 7 weeks at $ 3.63 million.

Source: Coinglass

Netflow usually means more positive symbols that have entered the exchanges more than the left, which is a clear sign of aggressive sale. Historically, the exchange deposits were preceded by low prices due to severe declining pressure.

Momentum indicators are still a rise of refinement

According to Ambrypto analysis, Ray rose when buyers returned to the instant market to accumulate.

For this reason, the positive Altcoin index of the direction movement (DMI) rose to 39.4, while -Di decreased to 22.

At the same time, his relative life index (RVGI) made a bullish intersection, reaching 0.0251.

Source: TradingView

Of course, when the momentum indicators are in this way, they indicate a strong upward momentum and the possibilities of its continuation.

After saying this, if buyers, especially whales, keep their means, Ray can restore $ 3.70 and test resistance for $ 4.10. On the contrary, if the profit is accelerated, the recovery remains about $ 2.84 on the table.