- Raydium’s short traders have faced $0 in liquidations, while longs have suffered significant losses.
- There’s no sign of recovery, as the price chart indicates a potential decline may be imminent.
Radium [RAY] has dropped by 10% following a market-wide downturn—reversing last week’s rally but still leaving investors with a net gain of 4.83%.
AMBCrypto’s analysis shows that RAY is in a much more precarious position. The asset could continue its downward trajectory, potentially increasing losses for investors.
$0 in short liquidation — What does it mean for RAY?
RAY’s sharp drop over the past 24 hours could accelerate, as liquidation data shows that short traders currently hold a decisive edge.
At press time, the market saw total liquidations worth $67,020—all from long positions. Short liquidations remained at $0.
Source: CoinGlass
A $0 short liquidation suggests that short traders have accurately predicted the market direction. This can inspire confidence among other traders on the sidelines, potentially triggering further selling pressure.
Adding to the bearish outlook, the Taker Buy-Sell Ratio (also known as the Long-to-Short Ratio) indicates extremely high selling volume.
This ratio is considered neutral at 1. A reading above 1 implies more buying volume, while a reading below 1 suggests selling pressure dominates.
In this case, Raydium’s ratio was 0.7703 at the time of writing, indicating that sellers far outnumbered buyers—another strong signal of a potential price drop.
Slight hope surfaces
The Exchange Netflow—a metric that tracks asset inflows and outflows through centralized exchanges—shows signs of renewed buying interest.
According to on-chain data, spot traders have continued accumulating RAY, potentially viewing the recent drop as a discount.
Source: CoinGlass
These buyers have spent approximately $1.269 million acquiring the asset. If this buying trend persists, it could help stabilize the price.
However, broader market analysis suggests the momentum still favors selling. The overall sentiment leans bearish, with selling activity clearly dominating.
A 10% drop on the horizon — Here’s why
The 1-day chart shows that RAY has broken below an ascending channel and is trending downward.
Typically, a breakdown from this pattern leads the price to retrace to the beginning of the channel—suggesting a potential 10% drop from current levels.
Source: Trading View
Technical indicators support this outlook. The Bull-Bear Power indicator revealed strong bearish momentum, reflected in the formation of red histogram bars.
Similarly, the Moving Average Convergence Divergence (MACD) indicator confirmed a bearish crossover — also known as a Death Cross — marking the beginning of a new downward phase.
Source: Trading View
If these metrics continue to decline, Raydium could face further losses—especially if spot traders halt their accumulation efforts.
