Radium [RAY] has dropped by 10% following a market-wide downturn

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. By

Radium [RAY] price dropped by 10% following a broader market downturn, reversing last week’s rally but still leaving investors with a net gain of 4.83%.

This view was expressed by AMBCrypto’s analysis today, which also found that RAY’s price could continue falling.

$0 in short liquidation — What does it mean for RAY?

Liquidation data revealed that short traders currently hold a decisive edge, which could accelerate RAY’s sharp drop of the past 24 hours.

At press time, the market saw total liquidations of $67,020, all from long positions. Short liquidations remained at $0.

At the same time, data from CoinGlass showed that the Taker Buy-Sell Ratio (also known as the Long-to-Short Ratio) signaled 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.

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.

These buyers had so far spent $1.269 million buying the asset. If this buying trend persists, it could help stabilize the price.

However, broader market analysis suggests that 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.

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.

If these metrics continue to decline, Raydium could face further losses—especially if spot traders halt their accumulation efforts.