Raydium’s 10% Plunge: Shorts Winning Big – Is the Crash Inevitable? 😱
- Raydium’s short traders have faced $0 in liquidations, while longs have taken a bath. Classic!
- No signs of bouncing back — looks like we’re headed for more pain. Yay!
Radium [RAY] just decided to drop 10% faster than your diet after cheat day. It’s reversing last week’s tiny gains of 4.83%, so basically, everyone’s just sitting around, clutching their bags.
AMBCrypto’s analysis suggests RAY is teetering on the edge — like that friend who always bets on losing teams.
$0 Short Liquidation — What Could Possibly Go Wrong?
In a shocking turn of events, RAY’s fall intensified as short traders are sitting pretty with a cool $0 in liquidations. Hmm. 🤔
At the latest count, total liquidations hit $67,020 — all from longs. Shorts? No liquidations at all. Maybe they saw this coming? Or maybe they’re just lucky while everyone else panics.
Basically, short traders predicted the mess perfectly, giving the bulls a big ol’ shrug. This might just make everyone on the sidelines think, “Hey, I should sell too!” and then… chaos.
The Long-to-Short Ratio is whispering sweet nothings in our ear — it’s below 1 at 0.7703, meaning sellers outnumber buyers. Shocking, right? Who knew sellers could be so dominant.
Some Glimmer of Hope — Or Not
Exchange Netflow (fancy word for how much is coming in and out) is showing some fresh buying interest. Looks like some traders are treating this dip like a clearance sale. 💸
On-chain data shows that spot traders are grabbing RAY like it’s a Black Friday deal, pouring around $1.269 million into the asset. Good for them… or is it?
If these brave souls keep buying, we might see a tiny flicker of stability. Or the market could just laugh in their faces and slide further down. Guess we’ll see.
Most signs still point toward bearish vibes — think gloomy clouds and bad hair days. The market’s mood is as inviting as a rainy Monday.
Why a 10% Drop Is Likely — Because Nothing Says “Good Vibes” Like Technicals
Looking at the 1-day chart, RAY broke below its cozy ascending channel, which is basically trader code for “Uh-oh.”
When you break the channel, expect a slide back to where it started — roughly a 10% drop, as if that’s some big surprise. Spoiler: it isn’t.
Technical indicators are singing the same tune — bearish, noisy, and about as subtle as a slap to the face. The Bull-Bear Power is all red and moody, and the MACD just had a Death Cross. Fun times!
If these signals keep crashing like your favorite TV show, RAY might just keep shedding value faster than you can say “bye-bye!”. Better grab your popcorn — or your bags, depending on your mood.
Read More
2025-06-13 00:12