Raydium Price plunges 22% because this soil L2 ICO becomes parabolic

The Raydium price has plunged more than 22% in the last 24 hours to negotiate at $ 3.32 at 10:03 p.m. while investors sell their altcoin assets.

This high decrease in the price of the shelves comes after the news that Solana even Launchpad Pump.

TLDR on $ Ray

–@Pumpdotfun is currently working on their own automated marker liquidity pool

– $ Ray The upward thesis has always been that Pumpfun depends on Raydium (now potentially not the case)

– If this LP AMM materializes, the tokens created on Pumpfun Will… pic.twitter.com/su5gc8a7mp

– Binaso (@ binaso8) February 24, 2025

Raydium price based on the support

4 -hour table for Ray / USD (Source: Geckoterminal)

THE Raydium The price is based on a level of key support at $ 3.2966, GOCKOTERMAL DATA shows. A drop below this technical crutch could lead to Altcoin plunging even further within 24 hours.

Conversely, the Raydium price managing to close the next 2 candles of 4 hours greater than $ 3.2,966 could lead to a bond bounce, in this alternative scenario, traders could identify the current levels of Ray as an opportunity for purchase.

The potential purchase pressure could then increase the price of Raydium to the brand by $ 3.9698. A 4-hour candle close above this barrier could then lead to an increase at $ 4.5,949 and potentially $ 5,24,441.

The techniques suggest that the Raydium price could drop even more

From a technical point of view, the indicators on the table of 4 hours of Ray suggest that the Raydium price could always risk decreasing in the coming hours. The divergence of mobile average convergence (MacD) and the relative resistance index (RSI) show lowering signs.

In the past hours, RSI readings have dropped from the mid -1940s to the bass 20. This lowered drop in RSI values ​​suggests a sudden drop in the buyer’s strength, the last reading below 30 indicating that the Raydium price is in superinching territory.

Although the last RSI reading below 30 suggests that the potential for Ray increase is higher than its drop in decline and could subsequently be considered as a purchase signal, it is not uncommon for RSI values ​​to remain weak for an extended period when crypto is being released.

Meanwhile, the MacD line plunged under the MacD signal line. The current alignment of the two technical indicators with the MacD under the MacD signal line suggests that Ray is currently in a negative trend. In addition, the growing gap between the two MacD lines warns that Ray’s downward momentum is taking steam.

As the Raydium price remains at the mercy of the sellers, investors accumulate in the presale for a new Solana Layer-2 project called SOLAXY (Solx) For gains. 99Bitcoins, a popular crypto chain on YouTube with more than 725K subscribers, says that Solx has the potential to set up 10x after its launch.

Solana about to obtain a major upgrade

Solana faces high levels of congestion due to the frenzy of investors who have broken out around soil -based memes parts in recent months. This network traffic has led to the failure of transactions, the treatment of delays and could possibly lead to another breakdown for the popular layer 1 if something is not changing soon.

Solaxy, with its native layer 2 side 2 and scaling lateral chain technologies, aims to reduce congestion levels on Solana. In operation parallel to Solana Mainnet, the Solaxy network will treat Sol Transactions outside the layer 1 infrastructure, will bring them together, then send the lots of transactions to the Solana blockchain for final validation.

This approach to the treatment of transactions has already proven to be a successful way to develop a network, as shown by arbitrum and optimism within the Ethereum ecosystem.

However, Solaxy strives to become more than another layer 2 project, because the team behind the scale solution will also try to fill the Ethereum and Solana blockchains.

This connection could unlock a Super Web3 infrastructure capable of responding to the growing requests for the memes part and developers of decentralized applications. The Solaxy native solx token will then be positioned as a main transaction layer between two of the most important blockchains in cryptographic space, which will give it high levels of utility.

Solaxy collects more than $ 23.2 million in success

Solaxy collected more than $ 23.2 million thanks to its current presale, because investors take a big bet on the future of the project at this early stage. With the bullish predictions of experts like 99Bitcoins and the positioning of the project as the first solution to scal up Solana, it is easy to see why Ico de Solaxy is doing so well.

Anyone who wishes to participate in the presale can do so by acquiring a solx via the simple widget integrated on the project website. Selling $ 0.001644, Solx can be purchased with a crypto or a bank card. After having acquired a solx, investors can also mark their tokens for 175% APY offered to prevented buyers.

Buy Solx here before an increase in presale prices in 17 hours to lock the best offer.

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