Investment
Features
FeesSafety
Academy
More
Pluang+

Raydium (RAY) drops below $2 amid heavy selling after a 20% weekly gain

Market News
13 Oct 2026
Tokenpost
View Source
Bearish
Raydium (RAY) drops below $2 amid heavy selling after a 20% weekly gain

Raydium (RAY) fell below the $2 mark after trading above $2.50, driven by stronger spot selling than buying and elevated derivatives activity. The token dropped 13% in one day, with spot selling reaching $3.7 million against $2.6 million in buying. Futures inflows and outflows were high, indicating active trading but uncertain direction. The key support level to watch is $2; holding it could lead to a rebound toward $2.50, while breaking it might push prices down to around $1.80. Technical indicators like the MACD suggest bearish momentum. Raydium operates as a decentralized exchange on Solana, and its recent price movement follows a 20% weekly gain approaching resistance near $2.60.

Raydium (RAY) shows a 6.48% decline on Pluang, trading at Rp37,248 as of Oct 13, 2026 21:52 WIB. Despite the recent price drop, buying activity remains higher than selling at 65% buy orders versus 35% sell orders, with a typical hold time of 25 days.

More News (RAY)

banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App