Cardano holders are panicking, selling pressure could be triggered
Current State of Cardano: Cardano (ADA) is facing significant downward pressure, trading at $0.33 and nearing its one-year low, with a 15% decline over the past month and 89% down from its all-time high of $3.1.
Investor Sentiment and Market Impact: The number of daily active addresses in loss has surged, indicating investor panic, while only 17% of ADA holders are currently in profit; market uncertainty ahead of U.S. elections may further exacerbate selling pressure.
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Technical Analysis for RAY
Technical Sentiment Analysis for Raydium (RAY) As of , Raydium (RAY) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for RAY stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, RAY is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Raydium (RAY) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0436 | 0.272 | 0.462 | 0.69 | 0.88 | 1.108 | 1.298 |
| Fibonacci | 0.272 | 0.432 | 0.531 | 0.69 | 0.85 | 0.949 | 1.108 |
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