隨著看漲週期似乎結束，Raydium的峰值下降了66％

Raydium是當前市場週期中最大的收益之一，從對Solana及其模因硬幣的興趣中獲得。一月份，價格上漲了5,800％，價格為8.67美元。

Raydium (RAY) has experienced a significant downturn, dropping 66% since January's peak. The recent breach of long-term support at $4.05 suggests that the bullish cycle might be coming to an end.

Raydium（Ray）經歷了明顯的衰退，自1月份的峰值以來下降了66％。最近違反了4.05美元的長期支持，這表明看漲週期可能即將結束。

A five-wave upward advance (green), beginning in December 2022, is visible on the weekly time frame RAY chart, with the sub-wave count in black showing an extension in wave three. In total, the price of raydium increased by more than 5,800%.

從2022年12月開始的五波向上進步（綠色）在每週的時間框架射線圖表上可見，黑色的子波計數顯示了第三波的延伸。總共，Raydium的價格上漲了5,800％以上。

An ascending parallel channel encloses the rise since October 2023, with the middle of this channel corresponding to the peak of wave five at $8.70. This stage is likely where wave five will terminate.

自2023年10月以來，一個上升的平行通道封閉了上升，該通道的中間對應於第五波峰值為$ 8.70。這階段可能是波浪五次終止的地方。

The price of raydium has decreased by 66% since its peak, reaching a new yearly low of $2.06 today, a clear indication that the bullish cycle in Raydium is over.

自從達到頂峰以來，Raydium的價格下降了66％，今天的年度低點為2.06美元，這清楚地表明Raydium的看漲週期已經結束。

The next nearest support level, if the slide persists, will be $1.70.

下一個最近的支撐級別（如果幻燈片持續）為$ 1.70。

Bearish technical signs are present. The Relative Strength Index (RSI) has dropped below 50 and generated a double bearish divergence (orange, dashed). The Moving Average Convergence/Divergence (MACD) is currently decreasing after making a bearish cross.

有看跌的技術標誌。相對強度指數（RSI）已降至50以下，並產生了雙看跌差異（橙色，虛線）。移動平均收斂/差異（MACD）當前在做一個看跌交叉後正在減少。

As a result, the weekly time frame indicates that the RAY trend is negative and new lows are forthcoming.

結果，每週的時間範圍表明射線趨勢為負，而新的低點即將到來。

There is no chance of a bullish trend reversal on the RAY chart for the daily time frame. The price of RAY dropped below the horizontal support line of $4.05. It also broke below the 0.618 Fibonacci retracement on February 24.

每天的時間範圍內，沒有機會在射線圖表上看漲趨勢逆轉。雷的價格下降到水平支撐線以下$ 4.05。 2月24日，它也以低於0.618的斐波那契回溯。

Since the price often recovers at the 0.618 level if the loss is corrective, this confirmed that the bear market has begun.

由於價格通常在0.618水平上恢復，如果損失是糾正的，這證實了熊市已經開始。

At $2.20, an ascending support trend line would provide short-term respite. However, technical indicators show no optimistic signs. On the other hand, the MACD and RSI are decreasing and have not generated any bullish divergences.

上升的支持趨勢線為2.20美元，將為短期喘息。但是，技術指標沒有顯示出樂觀的跡象。另一方面，MACD和RSI正在減少，並且沒有產生任何看漲的分歧。

Therefore, it is possible that the price of RAY will continue to decrease until it hits the long-term horizontal support region at $1.80.

因此，射線的價格可能會繼續下降，直到達到1.80美元的長期水平支持區域。

With an estimated $180 million in revenue for 2024, Raydium is the largest decentralized exchange on Solana despite its decrease.

Raydium估計2024年的收入為1.8億美元，儘管它減少了Solana上最大的分散交換。

Reports of Pumpfun choosing to no longer use Raydium and switching to their own Automated Market Maker (AMM) have made headlines, with less than 35% of Raydium's volume over the last two weeks coming from Pumpfun.

Pumpfun選擇不再使用Raydium並改用自己的自動做市商（AMM）的報導已成為頭條新聞，在過去兩周中，Raydium的數量不到Pumpfun的35％。

Since its peak, the price of raydium has dropped by more than 66%, and it does not appear to be abating.

自從達到頂峰以來，Raydium的價格下跌了66％以上，並且似乎並沒有減弱。

The RAY price is likely in a long-term downward trend and the decline could last until at least $1.80.

射線價格可能是長期的下降趨勢，而下降可能會持續至少1.80美元。